$ETH showing strong recovery momentum after sweeping liquidity below the 2,240 support zone.


Buyers are stepping back in aggressively as price rebounds from the sharp intraday correction.

EP
2,250 - 2,258

TP
TP1 2,270
TP2 2,295
TP3 2,320

SL
2,235

The structure remains constructive on lower timeframes with bullish recovery candles forming after the downside flush. A clean breakout above 2,270 could trigger another impulsive move toward higher resistance levels.

Let’s go $ETH ‌#GateSquareMayTradingShare
ETH1.87%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • 3
  • Share
Comment
Add a comment
Add a comment
BlackVelvetKeychain
· 9h ago
The bullish engulfing pattern has appeared on the lower time frame, combined with a rebound in trading volume. This wave is highly likely to break 2,270.
View OriginalReply0
GateUser-e4351615
· 17h ago
This wave of ETH rebound is indeed strong, sweeping liquidity below 2,240 and then V-reversing immediately, the short-term structure looks quite healthy.
View OriginalReply0
GateUser-818d3026
· 17h ago
SL set at 2,235 is quite tight; a slight poke will trigger a stop. I will loosen it to around 2,228.
View OriginalReply0
GateUser-6da8ed4c
· 17h ago
TP3 2,320 is a bit optimistic, right? Feels like there will be resistance before 2,295. It's better to see TP1 as more stable.
View OriginalReply0
  • Pinned