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【$ETH Signal】Bullish Health Reset for Rebound
$ETH Price decline accompanied by high open interest indicates a typical bullish leverage washout pattern, rather than main force distribution. This is a healthy reset before a breakout.
🎯 Direction: Long
🎯 Entry: 2920 - 2940
🛑 Stop Loss: 2875 ( Rigid Stop Loss )
🚀 Target 1: 3020
🚀 Target 2: 3120
Price declines but does not significantly reduce open interest, suggesting passive selling triggered by futures long liquidation rather than active selling. Strong buying support at key support zones absorbs selling well, and lower timeframe (LTF) momentum has shown signs of exhaustion. This position offers a high reward-to-risk ratio, waiting for market leverage to be cleared before resuming the upward trend.
Trade here 👇 $ETH
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