$ETH Bullish Reversal Brewing: Ready for Takeoff?
📈 Long Setup
Entry: $1,800 - $1,770
Take Profit 1: $1,820
Take Profit 2: $1,838
Take Profit 3: $1,860
Take Profit 4: $1,885
Stop Loss: $1,735
🧠 Why This Trade?
Hidden Bullish Structure:
Price holding steady above the 20 SMA ($1,790.45)
Higher lows consistently forming from the $1,755.50 bottom
Bollinger Band Launchpad:
Midline support could spark a push towards $1,825+
Ethereum-Specific Catalysts:
Potential Ethereum ETF developments
Lower gas fees reviving network activity
🔑 Key Levels to Watch:
Immediate Support: $1,790–$1,795
Breakout Zone: $1,800
Target Zones: $1,825 → $1,850 → $1,900
