🚨 $ETH /USDT – Strong Reversal Off $1,537, Bulls Regain Control! 🚨

Ethereum has bounced sharply from the intraday low of $1,537.26, now trading at $1,627.51, trimming earlier losses to just -1.16%. The hourly chart shows a clean reclaim of all major moving averages, indicating a possible bullish continuation if momentum sustains.

24H Snapshot:

High: $1,655.00

Low: $1,537.26

Volume: 693K ETH / $1.11B USDT

Technical Overview:

ETH printed a long wick on the hourly chart, signaling a liquidity grab and immediate bullish reaction. The move above MA(7), MA(25), and MA(99) confirms recovery strength. Price is now approaching the $1,630–$1,655 resistance band, which must be cleared for further upside.

Trade Setup – BULLISH SETUP ACTIVE:

Entry Zone: $1,620 – $1,630

Target 1: $1,655

Target 2: $1,680

Final Target: $1,720

Stop Loss: $1,595

Why Long?

V-shaped recovery with strong candle body closes above moving averages, backed by a major reversal from a high-volume low. Buyers are stepping in at key demand zones.

Pro Tip:

Watch $1,655 closely — if ETH breaks and retests it, expect momentum to build toward $1,700+.

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