<b>Ethereum (ETH)</b>, the leading smart contract platform, has successfully completed a significant technical maneuver, executing what analysts are calling a "perfect" bounce off the crucial <b>$2,880</b> price level. This price point was a key target identified by technical and on-chain analysts as a major "Fair Value Gap" (FVG) or liquidity zone that needed to be filled before the asset could resume its upward trend.

The decisive rejection of further downside at this level, coupled with a quick snap-back in price, suggests that the heavy correction phase is nearing its end and that aggressive demand is ready to step in at discounted prices. This confirms the robustness of the macro bullish structure for ETH.
<h2>Filling the Fair Value Gap (FVG)</h2>
The $2,880 area has been widely noted in analysis as a significant liquidity void, or FVG, left unfilled during the last aggressive rally. This technical phenomenon often draws the price back to "clean" the structure before proceeding higher. By tapping this level and immediately reversing, Ethereum effectively utilized a low-risk accumulation area.

As noted by one prominent analyst, the ETH price has now <b>"just bounced perfectly from the $2,880 FVG and the entire downside imbalance is now fully filled, meaning no remaining bearish FVGs below."</b> This purification of the chart structure removes a major technical obstacle that had been hanging over the market, providing a clearer path for future gains. The successful defense of this zone signals that long-term <b>"smart money"</b> was positioned to absorb the selling pressure.
<h2>Setting the Stage for Bullish Continuation</h2>
[embed]https://twitter.com/DaanCrypto/status/1991178147111297297[/embed]

The bounce from the $2,880 floor provides a solid launchpad for the next leg of Ethereum's rally. With the corrective price structure now considered "clean" and the key liquidity gap addressed, the technical setup is strongly leaning toward bullish continuation.

The next critical step for <a href="https://www.cryptoknowmics.com/news/ethereum-nears-bottom-on-chain-data-signals-strong-accumulation-near-2880/" target="_blank" rel="noopener">Ethereum</a> is to decisively break and hold above the psychological <b>$3,400</b> level, which would confirm a move beyond the immediate correction zone. Successful consolidation above this range would open the door to retesting and surpassing previous all-time highs, with some analysts forecasting targets that could eventually reach <b>$7,200</b> in the next impulsive macro leg.

Ethereum Poised for Liftoff After "Perfect" Technical Bounce at $2,880

Ethereum successfully defended the critical $2,880 level, a key FVG zone, setting the stage for a strong bullish continuation toward higher price targets.

Ethereum Poised for Liftoff After "Perfect" Technical Bounce at $2,880

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