After a sharp decline to around $1781, Ethereum is beginning to show signs of strength. A solid rebound from the lows is underway, and the current price movement hints at a possible short-term bullish reversal—particularly visible on the 15-minute chart.
Long Trade Setup I'm Monitoring:
Entry Zone: $1800 – $1801
Take Profit: $1816.80
Stop Loss: $1793.00
Market Outlook:
It appears that ETH may have formed a temporary bottom, with strong buying pressure evident from the prominent wicks. If Ethereum can break and sustain above the $1805 level, the momentum may quickly shift in favor of the bulls, potentially triggering a rapid upward move.