2026-01-23 22:12:14

【$ETH Signal】Bullish — Healthy Pullback, Building Momentum for a Breakout

$ETH Price declines but open interest remains high, combined with slight dips, this looks more like a healthy reset of long leverage clearing rather than main force distribution. The market shows exhausted selling pressure, with buyers continuously absorbing in key zones.

🎯 Direction: Long

🎯 Entry: 2935 - 2950

🛑 Stop Loss: 2890 ( Rigid Stop Loss )

🚀 Target 1: 3020

🚀 Target 2: 3080

$ETH Consolidating tightly above a key support zone, price action indicates a corrective pullback rather than a trend reversal. The rejection at high open interest levels suggests buyers are effectively absorbing selling on lower timeframes. As long as the current zone holds, an upward breakout is the path of least resistance.

Trade here 👇 $ETH

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