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$ETH /USDT – Strong Reversal Off $1,537, Bulls Regain Control! 🚨
Ethereum has bounced sharply from the intraday low of $1,537.26, now trading at $1,627.51, trimming earlier losses to just -1.16%. The hourly chart shows a clean reclaim of all major moving averages, indicating a possible bullish continuation if momentum sustains.
24H Snapshot:
High: $1,655.00
Low: $1,537.26
Volume: 693K ETH / $1.11B USDT
Technical Overview:
ETH printed a long wick on the hourly chart, signaling a liquidity grab and immediate bullish reaction. The move above MA(7), MA(25), and MA(99) confirms recovery strength. Price is now approaching the $1,630–$1,655 resistance band, which must be cleared for further upside.
Trade Setup – BULLISH SETUP ACTIVE:
Entry Zone: $1,620 – $1,630
Target 1: $1,655
Target 2: $1,680
Final Target: $1,720
Stop Loss: $1,595
Why Long?
V-shaped recovery with strong candle body closes above moving averages, backed by a major reversal from a high-volume low. Buyers are stepping in at key demand zones.
Pro Tip:
Watch $1,655 closely — if ETH breaks and retests it, expect momentum to build toward $1,700+.
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