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Yesterday ETH had a violent rally up to 2199, trading at elevated levels throughout the night. From a volume and price perspective, there was no sign of large capital selling pressure—it was mostly retail traders stepping on each other combined with natural profit-taking. This type of price action is typical when searching for support.
The current support zone is at 2120–2130, which coincidentally is also the 0.618 golden retracement level of this rally. The bullish structure remains intact, and as long as support is confirmed, there's a high probability of a continued push upward.
Strategy $ETH :
Enter long near 2120–2130, stop loss at 2075, take profits in stages at 2180, 2220, 2260.