$ETH/USDT – Bullish Momentum Building, Resistance Break Imminent?
Ethereum is showing signs of a short-term rebound from the $1,574 level and is currently hovering around $1,589. The 15-minute chart reveals a developing bullish trend, with consistent higher lows and pressure building near the $1,592 resistance. Buyers are gradually gaining control, hinting at a potential breakout if volume picks up.
Trade Setup:
Long Entry: $1,586 – $1,590
Target 1: $1,598
Target 2: $1,610
Stop Loss: $1,577
Outlook:
ETH is working to re-establish a short-term bullish structure. A decisive close above $1,592 could open the path toward the $1,610 resistance level. Keep an eye on volume for confirmation before committing to full position sizes. Use a tight stop-loss just below the recent swing low to manage risk.
#BinanceAlphaAlert #BinanceLeadsQ1 #SolanaSurge #BinanceLaunchpoolINIT #PowellRemarks $ETH
Current Price: $1,588.76 (-0.39%)
