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$ETH Momentum bullish remains strong after a strong breakout
I see buyers starting to enter aggressively after the move from $1,930 to $2,199. Now the price is declining near $2,110–$2,120, forming a healthy consolidation rather than a deep correction. This usually indicates strength.
Market Read
I see a clear impulsive move followed by tight consolidation. Higher lows are forming, which means buyers are still maintaining the structure. If the price stays above $2,080, the likelihood of another push toward liquidity above $2,200 will increase.
Entry Point
$2,080 — $2,120
Target Point
TP1 — $2,200
TP2 — $2,320
TP3 — $2,450
Stop Loss
$1,990
How this can happen
I see strong momentum after the breakout from the accumulation zone at $1,930. The sideways movement currently looks like profit-taking while buyers remain in control. If resistance at $2,200 is broken, momentum could quickly develop toward higher liquidity levels.
Let's trade now $ETH