ETH Price Action – Smart Money Pullback TradeEthereum / U.S. dollarBITSTAMP:ETHUSDTrade_ActionMarket Structure Overview Higher Timeframe Bias: Bullish ETH has been making Higher Highs (HH) & Higher Lows (HL) inside an ascending channel. Multiple BOS (Break of Structure) confirm strong bullish momentum. Recent CHoCH indicates a possible short-term pullback within the uptrend, not a full reversal. 📉 Current Price Action Price is reacting at a premium zone / resistance near 3,320 – 3,350 Formation suggests distribution (equal highs + rejection wicks) Liquidity resting above highs has likely been taken 📦 Key Zones 🔴 Supply Zone (Major) 3,320 – 3,350 Strong rejection area Ideal zone for short-term shorts / pullback trades 🔵 Demand Zone (Strong) 3,080 – 3,120 Previous BOS + consolidation High probability reaction zone 🎯 Trade Plan 📥 Entry Around 3,290 – 3,300 After bearish confirmation (lower low on LTF) 🎯 Targets TP1: 3,214 (partial profits) Final TP: 3,040 – 3,030 (major demand & liquidity zone) 🛑 Stop Loss Above 3,350 Above equal highs & supply