Today ETH opened near yesterday's POC, with a large amount of active buy orders appearing around 2090-2095. Currently, it has tested yesterday's VAH and was rejected. In this situation, it is very likely to continue testing yesterday's POC around 2095. If the price further declines and breaks below the absorption level at 2080, the price will further drop to 2060, the starting point of the recent market segment. Since 2056-2072 is the previous day's consolidation range, and within it, the POC at 2062 was rejected during yesterday's test and clearly bottomed out by funds, with the price moving upward, the probability of falling to this level is not high (unless spot CVD decrease is detected, which is a different matter). Currently, the operation can be to lightly buy long at 2090, with a stop loss around 2083. Take profit can be around 2120. The current bias should be bullish.

ETH1.36%
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