【$ETH Signal】Bullish — Key support test after healthy pullback

$ETH Price decline accompanied by high trading volume and open interest, but logic indicates a need to distinguish between long liquidation and main force distribution. The current price is testing a critical support zone, showing a healthy reset rather than a trend reversal.

🎯Direction: Long (Long)

🎯Entry: 2950 - 2975

🛑Stop Loss: 2880 (Rigid Stop Loss)

🚀Target 1: 3050

🚀Target 2: 3120

$ETH During the decline, trading volume increases while open interest remains high, suggesting significant long liquidation rather than pure main force distribution. The price is approaching the key support area of the previous breakout structure (around 2950). The absorption strength of buy orders here is a key observation point. If the price can stabilize in this zone and form a low-volatility consolidation, it will present a high risk-reward rebound opportunity.

Trade here 👇 $ETH

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