šØ$ETH Rocket Ignition or Final Shakeout? ETH Just Made a Statement.
After a brutal long liquidation of $109K at $2478.26, Ethereum ($ETH) has flipped the scriptāhard. What started as a trap for overleveraged longs might have just turned into the perfect momentum pivot.
š Price Action Update:
ETH rebounded sharply from the $2470 demand zone after that liquidation wick, reclaiming the short-term trendline and printing a clean higher low. We're now seeing a bullish engulfing candle on the 4H, pushing ETH above $2550 with strength.$ETH
š„ Volume Surge:
24H volume just spiked over 30%, confirming a breakout structure with strong buyer convictionānot just noise. This isnāt retail chop; itās institutional-sized fuel entering the market.$ETH
š Technical Levels:
Resistance: $2610 (minor), $2675 (major)
Support: $2470 (liquidation base), $2380 (weekly structure)
Ideal Entry Zone: $2525ā$2550 on retest, post-breakout confirmation
šÆ Pro Strategy Setup:
Entry: $2535 (on pullback)
Target 1: $2610
Target 2: $2675
Stop-Loss: $2450 (below structure low)
Risk-reward sits cleanly above 2:1āprecision entry, not FOMO.
ā³ Don't Miss the Reclaim Rally
ETH just reclaimed market structure with momentum, and the liquidation flush may have cleared the runway for a sustained upside breakout. Watch the next few candlesāthey could define this week's trend.
