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$ETH — I’m focused here because price dropped hard from the 3,000 zone, swept liquidity cleanly around 2,685, and then showed an immediate reaction. That kind of move usually tells me panic selling just finished and the market is trying to stabilize.
Market read
I’m seeing a strong downside impulse followed by absorption. The long wick into 2,685 shows stops were taken aggressively, but sellers couldn’t push further. After the sweep, price reclaimed ground and started holding above the reaction low. That behavior often signals a short-term bottom forming.
Entry point
I’m looking to enter around 2,730 – 2,780. This zone sits right above reclaimed demand and allows me to participate without chasing price higher.
Target points
TP1: 2,880 – first resistance and relief area
TP2: 3,000 – psychological level and breakdown origin
TP3: 3,120 – 3,180 – expansion zone if momentum builds
Stop loss
My stop is at 2,650. If price accepts below the swept low, the setup fails and I step aside immediately.
How it’s possible
Liquidity below 2,700 is already cleared, and price failed to continue lower. That opens room for a corrective move back toward imbalance zones above. As long as ETH holds above reclaimed structure, upside continuation remains valid.
I’m not guessing bottoms, I’m reacting to structure. Risk is defined, levels are clear, and patience does the work.
Let’s go and Trade now $ETH