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【$ETH Signal】Bullish with Healthy Pullback and Accumulation
$ETH After a volume-driven surge, the price is undergoing a healthy pullback, with falling prices accompanied by high open interest, indicating short squeeze rather than main force distribution. This is a typical cooling of a bull market.
🎯 Direction: Long
🎯 Entry: 2890 - 2915
🛑 Stop Loss: 2845 ( Rigid Stop Loss )
🚀 Target 1: 2980
🚀 Target 2: 3050
$ETH The price is consolidating above the key breakout zone, with decreasing downward momentum, indicating exhaustion of selling pressure. The pullback under high open interest is a healthy rebalancing of bullish positions, preparing for the next upward push. On the lower timeframe, buying continues to absorb around 2900. As long as the support zone at 2840-2850 holds, the upward path is clear.
Trade here 👇 $ETH
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