$ETH Bullish Structure Holds: Can ETH Push Toward 2689?
My bias remains bullish on ETH. The 1h structure is clearly bullish and aligned with the daily, weekly, and BTC trend, so this is not a counter-trend setup.
Price is currently holding above the 2522–2504 demand zone. If buyers defend this area, I’m watching 2575 first, followed by 2618, 2646, and 2689.
Entry zone: 2523–2504 demand
Extended entry: 2484 if price sweeps deeper liquidity
I don’t want to chase the move. I’ll wait for a liquidity sweep and reclaim, followed by confirmation such as a bullish engulfing candle, pin bar, or lower-timeframe market structure shift back to the upside.
Open interest is building while taker flow remains balanced, which supports the current bullish structure. However, volume is still relatively quiet, so confirmation matters.
Take-Profit Targets:
2575
2618
2646
2689
Invalidation: A 1h close below 2433.04 would break the bullish structure and shift my bias bearish.
Bullish while structure holds. Patient entries over FOMO.
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