Ethereum $ETH is showing signs of price stabilization and local demand around the $2,300 key support zone. After a period of consolidation, $ETH is defending local lows with a potential bullish reversal structure building up on lower timeframes. A successful bounce from this region could spark a strong rally towards upper resistance levels.

📈 Trade Plan & Execution Details

Current Market Price: ~$2,320

Entry Zone: $2,300 – $2,330 (Look for a 15m/1h bullish candle close above $2,310)

Target 1 (TP1): $2,420 (Local resistance & liquidity area)

Target 2 (TP2): $2,500 (Major supply zone / 4H EMA boundary)

Stop Loss (SL): $2,240 (Below key swing support)

Recommended Leverage: 3x – 5x (Cross/Isolated)

🔍 Market Rationale & Technical Analysis

Key Support Hold: $ETH is holding near $2,300, indicating strong buyer intervention and exhaustion among short-sellers.

RSI Divergence: Bullish momentum divergence is forming on lower timeframes, signaling an impending upward push.

Invalidation Level: A clean 4-hour breakdown below $2,240 invalidates the bullish thesis.#ETH🔥🔥🔥🔥🔥🔥