$ETH
Ethereum (ETH) is showing bullish signs after a strong rebound.
* Current Price: $1,589.02
* 24-Hour Change: +7.31%
Key Points:
* ETH bounced back significantly after dropping to a 24-hour low of $1,478.12, recovering from the $1,550 zone.
* It has successfully reclaimed the $1,580 level, indicating bullish momentum, particularly visible on the 15-minute chart through a higher low structure.
* Potential Upside: If Ethereum manages to stay above $1,580, the next target could be the resistance zone between $1,600 and $1,620. The main bullish target mentioned is the 24-hour high of $1,639.
* Potential Downside: Traders should watch for possible rejection around the $1,600 mark. A fall below $1,570 might suggest a weakening of the current upward trend in the short term.
Ethereum has bounced impressively from the $1,550 zone, reclaiming $1,580 with bullish momentum on the 15-minute chart. The recovery follows a clean higher low structure after the dip to the 24H low of $1,478.12, showing renewed strength with nearly +7% gain in the last 24 hours.
If ETH maintains above $1,580, a breakout toward the $1,600–$1,620 resistance area looks likely. The 24H high at $1,639 remains the key bullish target. However, watch for rejection near $1,600. A drop below $1,570 could signal short-term.