$ETH Bounces to 2,240.00 or breaks to 2,050.00.

Long $ETH
Entry: 2,080.00–2,110.00
SL: 2,045.00
TP1: 2,143.20
TP2: 2,190.00
TP3: 2,240.00
Market Context & Reasoning
Price printed a sharp intraday corrective flush on the 1-hour chart, dropping aggressively from its localized session high at 2,143.20 down to tap a deep structural low block at 2,069.96 to shake out late-joining leverage. Following that rapid test of the structural floor, buyers immediately stepped in, prompting an active trend reversal and lifting the asset back up to compress tightly around 2,110.74.
This steady higher-low recovery structure demonstrates substantial, aggressive buyer interest sitting within the lower demand pocket. As volume stabilizes and the sell-side pressure dries up, breakout shorts who aggressively chased the downside breakout are left highly vulnerable. If bulls firmly anchor this localized 1-hour support shelf, it sets up a natural momentum continuation rotation to clear the overhead supply, driving price right back to challenge the 2,143.20 breakdown origin and opening up clear space for a macro expansion.
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