#ETHPullsBack

(ETH): My $2,350 Target Is Still in Focus, But Confirmation Matters
Ethereum is trading around the $2,260 area, and the market is approaching an important decision point. After last week's selling pressure, buyers are trying to stabilize the price, but the recovery still needs confirmation on the lower timeframes.

The recent decline was driven by weakening risk appetite, institutional selling pressure, ETF outflows and leveraged long liquidations. Once important support levels broke, forced selling added further pressure. This is why I am not treating every small green candle as the beginning of a new bullish trend.

My ETH trade setup

I have already opened a long position at $2,272, with my target set at $2,350. This gives me a potential upside of $78 per ETH, approximately 3.43% from my entry, before fees and funding.

My target is based on the expectation that ETH can recover its nearby resistance levels and attract fresh buying interest. However, I do not want to confuse my trade target with a guaranteed market direction.

4H timeframe: I am watching $2,310–$2,360 as the important resistance region. A convincing 4H breakout could strengthen the bullish setup and help ETH approach my $2,350 target.

1H timeframe: The immediate support area is around $2,250–$2,260. If buyers defend this zone and reclaim $2,280, the recovery structure could improve. A breakdown below $2,250 would weaken the setup and increase the possibility of another downside move.

My trade management: I am keeping my $2,350 target unchanged for now, but I will reassess the position if ETH loses support or the 1H structure turns bearish. I will not add blindly to a losing position. Position size, leverage and a predefined invalidation level matter more than chasing a bigger profit.

My bullish confirmation comes from stronger buying volume and a sustained recovery above nearby resistance. If that confirmation fails, protecting capital takes priority over holding onto a prediction.

My view: ETH still has an opportunity to recover toward $2,350, but the market must earn that move through price action. I am trading the setup, not assuming the outcome.