$ETH is showing strong resilience at a key support level, and I'm expecting buyers to step in aggressively if this zone continues to hold.
I'm watching this setup because price is trading near a major demand area where a relief rally can develop after the recent selling pressure.
Trade Setup
$Entry Zone: 1,650 - 1,665
$Stop Loss: 1,625
$Target 1: 1,720
$Target 2: 1,770
$Target 3: 1,820
$Target 4: 1,850
Why I'm Bullish
• Strong support formed around 1,635.65
• Buyers are defending a critical demand zone
• Price is approaching an oversold region on the 4H chart
• Risk-to-reward remains attractive from current levels
• Recovery toward previous resistance levels remains possible
How It's Possible
I'm seeing price stabilize after a sharp decline, with buyers defending the recent low near 1,635. If $ETH continues holding above the entry zone and reclaims $1,720, momentum can shift back in favor of buyers and drive the next move toward $1,770, $1,820, and $1,850.
Risk Management
• I'm using a strict stop loss at $1,625
• I'm securing profits at every target level
• I'm moving stop loss to breakeven after Target 1
• I'm protecting capital before focusing on bigger gains
The bullish setup remains valid while price stays above $1,625. A confirmed breakout above $1,720 can trigger the next leg higher.
Let's go and Trade now $ETH
I'm watching this setup because price is trading near a major demand area where a relief rally can develop after the recent selling pressure.
Trade Setup
$Entry Zone: 1,650 - 1,665
$Stop Loss: 1,625
$Target 1: 1,720
$Target 2: 1,770
$Target 3: 1,820
$Target 4: 1,850
Why I'm Bullish
• Strong support formed around 1,635.65
• Buyers are defending a critical demand zone
• Price is approaching an oversold region on the 4H chart
• Risk-to-reward remains attractive from current levels
• Recovery toward previous resistance levels remains possible
How It's Possible
I'm seeing price stabilize after a sharp decline, with buyers defending the recent low near 1,635. If $ETH continues holding above the entry zone and reclaims $1,720, momentum can shift back in favor of buyers and drive the next move toward $1,770, $1,820, and $1,850.
Risk Management
• I'm using a strict stop loss at $1,625
• I'm securing profits at every target level
• I'm moving stop loss to breakeven after Target 1
• I'm protecting capital before focusing on bigger gains
The bullish setup remains valid while price stays above $1,625. A confirmed breakout above $1,720 can trigger the next leg higher.
Let's go and Trade now $ETH