$ETH /USD Overview:

• Price: 1635.45

• Market Context:

• Price just rejected from Equal Highs (EQH) near 1648

• Now reacting at a local demand zone (blue box ~1633–1636)

• There’s a larger supply zone above (1670–1685), which price previously dropped from sharply

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Scenarios in Play:

Bullish Case:

• If this demand zone holds, you could see a bounce back to:

• TP1: 1645 (retest EQH)

• TP2: 1650+

• Break of EQH might target that upper supply zone again

Bearish Case:

• If it breaks below 1633, price could slide to:

• TP1: 1625 (mid-range support)

• TP2: 1615–1610 (larger demand)

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Key Levels to Watch:

• Support: 1633, 1625, 1615

• Resistance: 1648 (EQH), 1670–1685 (supply)

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#ETH