$ETH has respected the key support zone around 16.58, and the current price at 18.26 suggests bullish momentum after a breakout

$ETH is sitting right on a key support area around 16.60, with current price 16,62, so the market is basically testing demand.
If buyers defend this zone, a rebound long setup can form:
Long Entry Zone:
16,55 – 16,62 (best dip buy near support confirmation)
Conservative entry only after a small bounce above 16.70
Stop Loss:
16,35 (below support breakdown — invalidation level)
Take Profit Targets:
TP1: 16,85 (first reaction resistance)
TP2: 17,05 (liquidity zone / short-term resistance)
TP3: 17,30 (extended bullish move if momentum continues)
Market idea: If 16,60 holds → bounce likely.
If it breaks and closes below 16.35 → setup turns invalid and downside continuation becomes more likely

{future}(ETHUSDT)