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$ETH isn’t breaking down it’s being defended.
LONG $ETH
Entry: 3,150 – 3,230
SL: 3,050
TP1: 3,300
TP2: 3,450
$ETH sold off into a key demand zone but couldn’t get continuation. Every push lower gets absorbed fast, downside momentum keeps fading, and price is starting to base instead of trending down. This looks more like a corrective pullback after expansion, not distribution. As long as this area holds, buyers stay in control and the next leg higher is still on the table.