$ETH /USDT – Bulls Defend $1,500, Eyeing Recovery Toward $1,600
ETH/USDT is trading at $1,550.56, showing a -2.51% decline over the last 24 hours. After rejecting from the recent high of $1,689, ETH pulled back sharply but found solid support near $1,471.02. Price is now rebounding and holding above $1,540–$1,550, suggesting the potential for bullish continuation.
The 1H chart shows a rounded bottom pattern forming, with momentum gradually shifting in favor of buyers. A breakout above $1,570.50 will likely signal a short-term rally targeting the $1,600–$1,620 range. If $1,503 support holds, the bullish structure remains intact.
Long Trade Signal:
Entry Zone: $1,540 – $1,555
Target 1: $1,580
Target 2: $1,610
Final Target: $1,645
Stop Loss: $1,503
Monitor the $1,570 resistance level for breakout confirmation. Volume spike and strong candle close above this level could trigger rapid upside.
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