eth long

**ETH Analysis: Time for a Comeback?**

Ethereum has been lagging behind as other "dino coins" push to new all-time highs. Despite the recent sell-off, I believe Ethereum is setting up for a move higher after sweeping daily liquidity.

### **Key Points:**
1. **Daily Liquidity Grab:**
ETH has taken out sell-side liquidity below $3,196, which could signal the start of a reversal. This is a classic setup for a bullish rebound after a liquidity sweep.

2. **Support Levels:**
- **$3,196:** Strong demand zone holding price, with buyers stepping in.
- **$2,906:** Major support and invalidation level for bullish continuation.

3. **Upside Targets:**
- **$3,341 (TP1):** Short-term resistance that aligns with daily structure.
- **$3,600 (TP2):** A critical level to watch, with a bearish order block overhead.
- **$4,100 (TP3):** Long-term target, aligning with buy-side liquidity and momentum continuation.

4. **Market Context:**
- While Ethereum has struggled to keep pace with other altcoins, this could be an opportunity to catch a rebound as ETH plays catch-up.

### **Trade Idea:**
- **Scenario:** Long from current levels ($3,196-$3,216) targeting $3,341 and $3,600.
- **Stop Loss:** Below $2,906 to manage downside risk.

### **Final Thoughts:**
ETH may have taken a beating, but the current setup looks primed for a recovery. Watch for strong reactions at key levels and follow momentum as the market looks to reclaim critical zones.

Let me know your thoughts and keep an eye on price action! 🚀