$ETH – Bullish Reaction from Key Demand
$ETH is currently holding a strong demand zone around 2,050–2,070 after a recent pullback, suggesting a possible bullish rebound.
Long Setup –
$ETH • Entry: 2,060 – 2,095
• Stop Loss: 2,020
• TP1: 2,150
• TP2: 2,200
• TP3: 2,260
ETH previously broke above the 2,050 resistance and is now retesting this level as support. Buyers are defending this area, and the 1H structure is attempting to form a higher low.
If the price holds above 2,050 and reclaims 2,120 with strong volume, the next move could target the 2,200 liquidity zone.
Invalidation:
A clear breakdown and close below 2,020 would weaken the bullish outlook and could lead to a drop toward 1,950.
As long as the 2,050 demand zone holds, the bullish reaction scenario remains in play.
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