#Ethereum ($ETH ) – Bullish Breakout Setup Forming After Long Liquidation

Market Pulse:

A recent long liquidation of $7,082 at $1,793.44 triggered a shakeout, clearing weak hands from the market. Despite the flush,

ETH is holding key structural support, setting the stage for a potential rebound and bullish breakout continuation.

Critical Price Zones:

Support Base: $1,780 – $1,795

Breakout Trigger Level: $1,820

Resistance Ceiling: $1,850 – $1,875

Trade Setup – Bullish Bias:

Entry Range: $1,795 – $1,805 (on bounce from support or breakout confirmation)

Targets:

TP1: $1,830

TP2: $1,850

TP3: $1,875

Stop-Loss: $1,775 (below recent liquidation low)

Technical Outlook:

Post-liquidation consolidation hints at accumulation near support. If bulls reclaim $1,820 with conviction, it may ignite a fast move toward the upper resistance band. The long wick near $1,793 suggests buyers defended the dip with strength.

Next Play:

Look for bullish engulfing candles or a volume-driven push through $1,820. A breakout above this level could trigger a new bullish leg with strong upside potential.

Pro Tip:

Tighten stops once above $1,840 to secure gains. Watch ETH/BTC pair for confirmation of relative strength.

This dip may have been the setup—momentum could swing fast once resistance cracks.

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