$ETH The market structure is leaning bullish. The price has recovered steadily from a low of 2226 to around 2418, the Bollinger Bands are rising, and net active buying over the past 24 hours is approximately 195,000 tokens. Structural data shows a bullish bias (composite_z +0.48). The cost-basis concentration is centered at the POC of 2318.3, where a short cost wall worth about $310 million around 2317.8 is also stacked, creating buy-side pressure from short covering. Above, a long cost wall worth about $170 million at 2430.6 nearly coincides with resistance at 2431.1, forming the first layer of breakeven selling pressure. The current price of 2418 is just below resistance, making the risk-reward unfavorable for chasing longs directly. So, rather than entering at market, place a limit buy at the lower Bollinger Band at 2365.7 and wait for a pullback into that area before entering. Set the stop-loss at 2363.3; a break below that level would mean the pullback has turned into a breakdown and the bullish thesis is invalidated. Target the previous-high resistance zone at 2447.6, the nearest genuine resistance above. The main risks are that the price breaks above 2431 without pulling back, leaving the buy order unfilled, or that it fails to break through the cost wall and then falls below 2363, triggering the stop-loss. #ETH #ETH Trend Analysis