Based on the $ETH /USD 1H chart (Binance) with price at $1,802.59, here’s a concise short-term trade setup:
ETH/USD Trade Setup (1H–4H Timeframe)
Trend Context:
ETH has bounced from a low of $1,789.98, now holding around $1,802.
Modest bullish momentum with a recent +0.34% move.
Key horizontal resistance ahead at $1,808–$1,820.
Longer-term support zones at $1,720, $1,640, and $1,565.
Bullish Setup (Breakout Play):
Entry: Break and hold above $1,810–$1,820
Confirmation: Candle close with rising volume and RSI > 55
Targets:
TP1: $1,860
TP2: $1,900 (major resistance zone)
Stop Loss: $1,785 (below recent low)
Range Rebound Setup:
Entry: $1,785–$1,790 (support zone)
Confirmation: Bullish engulfing or double bottom on 15m–1h
Targets:
TP1: $1,820
TP2: $1,860
Stop Loss: $1,765
Bearish Setup (Breakdown):
Entry: Below $1,785 on high volume
Targets:
TP1: $1,750
TP2: $1,720
Stop Loss: $1,805
Would you like this paired with RSI/MACD signals or turned into a visual trade map?
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