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【$ETH Signal】Bullish | Healthy Reset After Liquidation Cleanup
$ETH Price decline accompanied by high open interest presents a typical long liquidation shakeout, rather than a major player offloading. This is a healthy reset before a breakout.
🎯 Direction: Long
🎯 Entry: 2950 - 2975
🛑 Stop Loss: 2880 ( Rigid Stop Loss )
🚀 Target 1: 3050
🚀 Target 2: 3120
Price drops but open interest remains high, indicating a liquidation-driven decline rather than active selling pressure. The market continues to absorb sell orders above the key support zone (2950), with multiple long lower shadows on the lower timeframes. Once the liquidation cleanup is complete, a liquidity vacuum will drive a rapid rebound.
Trade here 👇 $ETH
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