$ETH /USDT – Strong Bounce from Support, Testing Resistance
Ethereum has rebounded sharply to $3,716 after touching a 24H low of $3,573, gaining +2.24%. On the 15-minute chart, ETH shows a clear short-term bullish reversal. The Parabolic SAR has flipped below the candles (SAR = $3,647), confirming renewed upside momentum.
🔍 Key Observations:
Bounce Strength: ETH surged nearly $150 from the local bottom, signaling aggressive buying.
Immediate Resistance: Price just tested $3,728, which aligns with a prior supply zone. A breakout above this could lead to further upside.
Support Zone: The recent bounce zone at $3,646–$3,605 now acts as strong support.
24H High Watch: ETH needs to reclaim $3,754–$3,771 to re-establish a full bullish trend.
📈 Trade Setup (Scalp/Short-Term):
Entry: $3,690 – $3,715 (on dip)
Stop Loss: Below $3,645
Target 1: $3,754
Target 2: $3,771
Target 3: $3,805
If bulls hold above $3,700, momentum could accelerate. Watch volume on next candle close.