$ETH The structure leans bullish. Over the past 24 hours, net aggressive buying was about 149,000 coins, and the price rebounded around 3.5% from a low of 2226, showing intraday strength. Resistance is at 2312–2315, where the 20-hour and 96-hour highs overlap; the Bollinger upper band at 2318 is just above. Support is at the POC of 2266, with the lower edge of the value area at 2243. The current price is 2304, close to overhead resistance and far from support, so it’s a poor spot to chase longs. Don’t chase. Place a 5x limit long at 2266.7 and wait for the price to pull back to the POC for execution. Stop at 2264.5, just below the limit order. If the pullback turns into a genuine breakdown and the price falls back below 2264, the bullish thesis is invalidated—exit immediately. Target 2312.9, where the 20-hour high overlaps with deeply trapped positions. The measured rationale is solid, with a risk-reward ratio of about 20.4; the trade-off is a very tight stop that could easily be triggered. One risk to note: if 2312 remains unbroken, the market may keep ranging, and the limit order may never get filled. #ETH #ETH price analysis