$ETH

📊 Market Analysis (Short-Term - 5m chart)
Current Price: ~$1,598.77

Trend: $ETH

The price had a strong bullish move around 03:30–04:00, spiking upwards. Following the spike, there's a visible retracement/correction happening. Recent candles show lower highs, indicating a short-term bearish pullback.

Support Zone: Around $1,591–$1,593 (marked on chart and tested before)

Resistance Zone: Around $1,600–$1,603 (price was rejected multiple times here)

🔔 Trading Signal (Scalping/Intraday)
🔻 Bearish Scenario (Short Opportunity):

If price breaks below the $1,591 support level with strong volume, a short could be considered targeting:

📉 Target 1: $1,585

📉 Target 2: $1,580

Stop-loss: above $1,600 (local high resistance)

🔺 Bullish Scenario (Buy Opportunity):
If the price finds support around $1,591 and bounces, forming a bullish engulfing candle:

📈 Target 1: $1,600

📈 Target 2: $1,603+

Stop-loss: below $1,588 (invalidation point)

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