ETHUSD 45-Min Chart — Counter-Trend Long From Demand After Major
Chart Analysis:
Market Structure:
Ethereum broke decisively below the 2,855 resistance zone, confirming a bearish structure shift. The move down was impulsive, followed by weak consolidation — classic distribution → continuation behavior.
Support / Demand Zone:
Price is reacting around 2,485–2,520, a highlighted demand area. This zone aligns with the first strong base formed after the sell-off, making it a high-interest reaction level.
Current Price Action:
ETH is printing long lower wicks into support, suggesting seller exhaustion and early dip-buying. However, structure is still bearish until a reclaim occurs.
Entry Logic:
The marked entry near ~2,490–2,510 assumes:
Support holds
A short-term higher low forms
Momentum flips on lower timeframes
Upside Targets:
TP1: ~2,690 (range equilibrium / liquidity grab)
TP2: ~2,740 (previous consolidation + minor resistance)
Final Target: ~2,855 major resistance (breakdown origin)
Invalidation:
A clean breakdown and close below 2,480 invalidates the long bias and opens continuation toward lower liquidity.
Bias Summary:
Trade Type: Counter-trend bounce
Risk Profile: Higher risk, higher R:R
Trend Context: Bearish until 2,855 is reclaimed
