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Gate ELSA Futures Trading Challenge is Now Live!
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【$ETH Signal】Long — Healthy Pullback for Accumulation
$ETH After a volume-driven decline, the price action indicates a healthy liquidity reset rather than a trend reversal. High open interest accompanied by falling prices suggests short squeeze and weak hands being cleared out, paving the way for subsequent upward movement.
🎯 Direction: Long
🎯 Entry: 2920 - 2945
🛑 Stop Loss: 2875 ( Rigid Stop Loss )
🚀 Target 1: 3020
🚀 Target 2: 3080
The key demand zone at 2900-2920 is strongly defended, with the price falling but without panic selling. This is a typical absorption of buy orders, with the LTF forming multiple higher lows, indicating exhaustion of selling pressure. As long as the 2875 low is held, this pullback is healthy accumulation before a breakout on higher timeframes.
Trade here 👇 $ETH
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$ETH
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