ETH/USD is testing a key demand zone around the $1,600–$1,550 region, with a potential triple bottom forming. If the price holds this support and confirms bullish structure, a reversal toward $1,700 and beyond could follow.
Trade Setup (Long):
Entry Zone (Buy): $1,570 – $1,600
Stop Loss: Below $1,540 (structure invalidation)
Target 1: $1,700 (resistance flip zone)
Target 2: $1,840
Target 3: $1,940+ (full recovery potential)
Bias: Bullish reversal
Timeframe: 1H (short-term opportunity with potential for mid-term swing)
Technical Factors:
Strong multi-tap support zone
Bullish rejection wicks and signs of accumulation
Clean upside imbalance zones highlighted
Disclaimer:
Trade setups are for educational purposes. Use stop loss, confirm entry with price action, and manage your risk.