$ETH

ETH is showing a strong bullish reaction after reclaiming the EMA(200) around 2106 on the 1H timeframe. The sharp impulse candle suggests aggressive buying pressure entered near the local range lows.
Key resistance
2132–2142 → immediate resistance and previous rejection zone
A breakout above 2142 could trigger continuation toward 2160–2180
Key support
2106 EMA(200) support
2090–2084 remains the key short-term demand area
Bullish scenario
Holding above the EMA(200) keeps short-term structure bullish. Buyers are attempting to shift momentum after the earlier downtrend and consolidation phase.
Bearish scenario
If ETH loses 2106 again and fails to maintain strength above the EMA, price may rotate back toward 2090 or even retest the 2084 support zone.
Current structure resembles a liquidity reclaim move. The market swept lower levels near 2080–2090, absorbed selling pressure, then expanded upward quickly. Confirmation now depends on whether ETH can establish acceptance above 2130 and challenge the 2142 local high
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