ETHUSDT Bullish Expansion After Accumulation – $3,062 TargetEthereum / TetherUSBINANCE:ETHUSDTSetupsfx_ ETHUSDT is displaying a strong bullish structure on the daily timeframe following a breakout from a prolonged accumulation range. 🔺The price first produced a Change of Character (CHOCH) signalling that bearish momentum was weakening. This was followed by several Breaks of Structure (BOS) confirming that buyers had gained control. The recent impulsive move above $1,966.69 represents bullish displacement—a fast expansion that typically leaves areas of imbalance behind. 🔺At the time of this chart, ETH is trading around $2,459 after reaching the $2,500 region. Because price has already moved considerably above the accumulation range, buying immediately may offer an unattractive risk-to-reward ratio. A corrective move would allow the market to rebalance the displacement before another potential expansion. Primary Scenario: Shallow Pullback 🔺The first continuation area sits approximately between $2,330 and $2,420. This zone represents an imbalance or Fair Value Gap created during the recent bullish displacement. 🔺If price retraces into this area and produces a liquidity sweep followed by a bullish CHOCH or BOS on a lower timeframe, it could provide confirmation that buyers are defending the move. The first obstacle would be the recent high around $2,500–$2,550. Conservative Scenario: Deeper Retracement The chart highlights $1,966.69–$2,120.37 as the stronger and potentially safer buying zone. This area is important because it contains: • The upper boundary of the previous accumulation range • The origin of the strongest bullish displacement • A former resistance area that may now act as support • A more favourable discount entry compared with the current market price 🔺A deeper pullback into this zone would not automatically make ETH bearish. It could represent smart-money mitigation where price returns to rebalance unfilled orders before continuing higher. Retail traders should therefore wait for a clear bullish reaction rather than entering simply because price touches the zone. Upside Objectives * Local liquidity: $2,500–$2,550 * Psychological objective: $3,000 * Main chart target: $3,062.34 🔺A confirmed break above the recent high would clear nearby buy-side liquidity and strengthen the probability of expansion towards $3,000 and the final $3,062.34 objective. Invalidation 🔺A decisive daily close below $1,966.69 would weaken the immediate continuation setup and suggest that the breakout has failed to hold. A sustained move below the accumulation base around $1,800 would invalidate the broader bullish structure displayed on this chart. Overall Bias 🔺The daily bias remains bullish while ETH holds above the previous accumulation range. The cleaner strategy is to avoid chasing price after displacement and instead wait for either the shallow imbalance or the deeper $1,966.69–$2,120.37 demand zone to be tested. LIKE AND COMMENT ❤️🤝 THE SETUPSFX_ TEAM 🇬🇧👨💻