$ETH The structure is leaning bullish. The price is holding above the Bollinger middle band near 2133.7 and steadily rising, while the 4-hour chart maintains an uptrend. Over the past 24 hours, aggressive trading has produced net buying of about 27,000 coins. The support wall at 2120.8, combined with roughly $84 million in long-position cost basis and the high-volume area around 2125, forms a support zone. This limits the room for a pullback, so rather than wait for a deeper retracement, enter a market buy directly at 2133.7. Set the stop loss at 2122.9: a drop below 2123 would mean the pullback has turned into a genuine breakdown and the bullish thesis is invalidated. The target is 2220.8, which nearly coincides with the lower edge of the data-based value area at 2220.3, where roughly $73 million in short-position cost basis is concentrated. The risk-reward ratio is about 8. The main risk is that the broader trend remains bearish, conflicting with the bullish structure: 4-hour aggressive trading still shows net outflows of about $15 million, and the roughly $230 million in long liquidation fuel below is significantly greater than the amount above. If 2120.8 gives way, the price could cascade lower toward 2021.2, in which case bulls should cut their losses decisively.#ETH #ETH Price Analysis