【$ETH Signal】Long | Downward absorption completed, main force buying resumes

After experiencing a rapid decline, $ETH formed strong buying support in the 1990-2000 range, and the price has re-established above the key structural level of 2070. The 4H chart shows a bullish engulfing pattern, and during the decline, open interest remained stable, indicating that it was not main force distributing, but rather long leverage cleaning out.

🎯Direction: Long

🎯Entry: 2070 - 2085

🛑Stop Loss: 1990 (Rigid Stop Loss)

🚀Target 1: 2150

🚀Target 2: 2250

Depth Logic: The price quickly dropped from 2125 to 1993, but the 4H candlestick shows selling pressure rapidly exhausted, with the last bearish candle’s volume significantly shrinking. Subsequently, buying support returned strongly, with two consecutive bullish candles recovering the decline, and the buy/sell ratio rose back to 0.51. Active taker orders indicate a buying bias. Key points are: 1) Open interest remained stable during the decline, ruling out main force distribution; 2) Large buy orders appeared at the psychological level of 2000 (order book data), forming effective support; 3) Funding rates stayed negative, favoring long positions. This is a typical “panic decline - main force absorption - price recovery” structure. As long as the 2070 breakout level holds, upside potential is open.

Trade here 👇 $ETH

---

Follow me: Get more real-time analysis and insights into the crypto market!