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$ETH /USDT – Bullish Breakout Watch
Current Price: ~2,971
Timeframe: 1H
Key Levels
Support Zone: 2,900 – 2,920
Breakout Level: 3,020
Resistance Zones: 3,080 – 3,150
Trade Setup (Long Bias)
Entry: Wait for a strong candle close above 3,020 with rising volume
Structure: Price is stabilizing after a sharp sell-off, forming a base near demand
Targets
TP1: 3,080
TP2: 3,150
TP3: 3,240 if momentum continues
Stop Loss
SL: 2,880 below the recent low and demand area
Market Sentiment
ETH is showing signs of selling pressure exhaustion around the 2,900 zone. A reclaim of 3,020 can shift short-term momentum back to the upside and trigger a relief rally.
Wait for confirmation and manage risk carefully.
$ETH
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