TradingView analyst Lingrid says Ethereum has entered a clearly defined “kill zone” that offers an attractive entry for buyers after recent selling pressure. Her chart work shows a sharp breakdown from a large shaded wedge that flushed leveraged positions and pushed ETH down to roughly $2,070. That leverage purge, she argues, cleared retail overexposure and set the stage for a structural recovery.
Crucially, ETH has held just above a long-term rising macro support line, which Lingrid interprets as evidence a structural low may be in place. From that base she maps a recovery path that aims to reclaim the broken structure and push toward a primary target of about $2,300.
Her recommended accumulation zone—the so-called kill zone—sits between $2,100 and $2,135. For risk management she suggests a stop-loss near $2,040. Lingrid also warns traders against shorting the breakdown: retail sellers have been exiting around the broken wedge, often overlooking the stronger macro trendline beneath it, which can trap momentum-driven shorts.
On-chain and market context support her view of discreet buying beneath the surface. According to the analyst, institutions are quietly using the $2,100 liquidity area to accumulate spot exposure (including ETFs) at lower prices. She notes a recent uptick in institutional staking and inflows, which complements the accumulation narrative and raises the odds that a bounce could be amplified once demand reasserts itself.
Fundamental improvements add to the bullish case. Mainnet gas fees have fallen to roughly 3 gwei following optimizations tied to the Pectra upgrade, easing a prior headwind and improving network economics.
Lingrid also points to broader macro turbulence earlier in the week—policy shifts at the central bank helped trigger a market-wide pullback—but argues that the engineered sell-off has largely done its job: squeeze out weak hands and provide institutions the chance to buy lower.
Bottom line: Lingrid believes the recent leverage flush created an opportunity window between $2,100–$2,135 to accumulate Ethereum, with a stop near $2,040 and an initial upside target around $2,300 if the structure is reclaimed. Traders should weigh position sizing and risk management against the possibility of further volatility, but the analyst sees the setup as a high-probability buy zone for a near-term recovery.
