$ETH /USDT – Recovery Attempt After $1,471 Crash
ETH/USDT experienced a sharp decline from a high of $1,671.09 to a 24H low of $1,471.02, losing over $200 in value before stabilizing. The current price is $1,544.33, showing early signs of a potential recovery, though the pair remains down 4.43% on the day.
The 15-minute chart reveals ETH is attempting to form a base above $1,500. Price has printed a short-term higher low and is now approaching the $1,549 resistance level. If bulls can reclaim this level with strength, we may see a move toward $1,580–$1,600. However, failure to break above could lead to renewed pressure toward $1,505 and below.
Long Trade Signal (Recovery Setup):
Entry Zone: $1,540 – $1,550
Target 1: $1,580
Target 2: $1,600
Final Target: $1,625
Stop Loss: $1,505
Watch for breakout volume and strong bullish candles above $1,550 for confirmation. The recovery will depend on follow-through from buyers and ETH holding above the $1,520 support base.
