$ETH /USD – Rebound Opportunity from Oversold Drop!
Ethereum has plunged over -1.5% but is now showing potential bottoming signals around $1564 support. The chart suggests a rebound toward $1600+ if this level holds.
Trade Setup:
Entry Zone: $1562–$1565
Target 1: $1600
Target 2: $1615
Final Target: $1627
Stop Loss: $1538
Market Insight:
Price wicked below $1550 before recovering swiftly—suggesting panic sell-off might be exhausted. A strong bounce could follow.
Pro Tip: Watch for bullish engulfing candles on the lower timeframe before entry.