After a sharp drop to around $1781, Ethereum is showing signs of resilience. We're seeing a strong bounce off the lows, and the current price action is suggesting a potential short-term bullish reversal—especially noticeable on the 15-minute chart.
Here's the Long Trade Setup I'm Watching:
Entry Zone: $1800 – $1801
Take Profit: $1816.80
Stop Loss: $1793.00
Market Outlook:
It looks like a temporary bottom has formed, with aggressive buyers stepping in—evidenced by the strong buying wicks. If ETH can push and hold above the $1805 level, momentum could quickly shift in favor of the bulls and open the door for a fast move higher.
