$ETH — Long Position Initiated on Strong Support Reaction
Ethereum is showing a sharp rebound from key support, with aggressive dip-buying and expanding volume signaling strong demand absorption. Momentum is building as price pushes higher from the defended zone.
Trade Setup:
Long: $ETH
Entry: 2,030 – 2,060
Stop Loss: 1,990
TP1: 2,100
TP2: 2,150
TP3: 2,200
Price firmly rejected the 1,990–2,030 support region, printing strong bullish candles accompanied by rising volume a sign of genuine buying interest rather than a weak bounce. Higher lows continue to hold, maintaining structural integrity across the broader trend.
As long as the base remains protected, continuation toward the outlined upside targets remains technically favored. Strength in the broader ecosystem narrative further supports bullish momentum.
Manage risk accordingly and monitor price action closely.
