【$ETH Signal】Bullish — Healthy Pullback and Open Interest Indication

$ETH After a volume-driven decline, the price is testing a key support zone. Combined with high open interest (OI), this appears to be a healthy reset of long leverage rather than a main force distribution.

🎯 Direction: Long (Long)

🎯 Entry: 2950 - 2980

🛑 Stop Loss: 2880 (Rigid Stop Loss)

🚀 Target 1: 3120

🚀 Target 2: 3250

The decline in $ETH is accompanied by high open interest, which is a typical sign of long liquidation driven by long squeeze rather than sustained selling pressure. The price has absorbed buy orders above the previous breakout level (~2950), and multiple lower shadows have appeared on the lower timeframes. As long as the stop loss level remains intact above, and the market structure is not broken, the most probable path is a liquidity refill upward after the squeeze.

Trade here 👇 $ETH

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