#ETH $ETH

15-minute ETH/USD chart you’ve provided, here’s a short-term technical analysis with potential entry and exit levels:

⸻

Chart Summary:

• Current Price: ~$1,759.60

• Recent Action: Sharp sell-off from the ~$1,820 zone to a low near ~$1,740.

• Pattern: After a high-volume drop, price is consolidating sideways with weak bullish candles, indicating potential for either continuation (breakdown) or short-term bounce.

⸻

Key Levels:

Resistance Zones:

• $1,780–1,785: Nearest resistance and previous demand zone flipped to supply.

• $1,800: Psychological and structural resistance.

Support Zones:

• $1,740–1,745: Recent wick low; key short-term support.

• $1,700: Stronger support level on higher timeframes if breakdown continues.

⸻

Trade Setups:

1. Bearish Breakdown Setup (Momentum Trade)

• Entry: Below $1,740

• Stop Loss: $1,765 (above minor range)

• Target 1: $1,720

• Target 2: $1,700

• Risk-Reward: ~1:2 to 1:3

Reasoning:

Volume spike on sell-off suggests strong bearish momentum. If price breaks $1,740 with volume, further downside is likely.

⸻

2. Bullish Reversal Setup (Aggressive Countertrend)

• Entry: On bullish engulfing candle or double bottom confirmation at ~$1,745

• Stop Loss: $1,735

• Target 1: $1,780

• Target 2: $1,800

• Risk-Reward: ~1:2+

Reasoning:

If buyers step in at current support and break minor consolidation structure with volume, a short-term bounce to fill part of the gap is likely.

⸻

Bias: Bearish unless $1,780 is reclaimed with strong volume.