$ETH 1H — Bulls Defending Key Support, Reversal Wave Incoming?
Ethereum has experienced a sharp correction from the $1,660 resistance zone, but the recent price action on the 1H timeframe suggests that buyers are attempting to reclaim momentum after establishing a local bottom near $1,515–$1,525.
The latest recovery candles and improving short-term structure indicate that ETH may be preparing for a relief rally, provided bulls maintain control above the current support region.
📊 Technical Analysis (1H)
✅ Strong rejection from the $1,515 support zone
✅ Higher low formation developing on lower timeframes
✅ Buyers stepping in after capitulation selling volume
✅ Short-term momentum shifting bullish above $1,575
⚠️ Major resistance remains around $1,610–$1,630
🎯 Trade Setup: LONG $ETH
Entry Zone: $1,570 – $1,585
Stop Loss: $1,540
🚀 Targets:
TP1: $1,610
TP2: $1,640
TP3: $1,680+
📈 Market Structure
The recent correction appears to be a healthy reset following aggressive selling pressure. If ETH successfully breaks above the $1,600 psychological resistance, momentum traders could fuel a stronger recovery wave toward the $1,650–$1,680 region.
However, failure to hold $1,540 support would invalidate the bullish setup and potentially open the door for another leg lower.
⚡ Trading Plan:
Wait for confirmation above $1,575–$1,580
Scale out profits at each target
Move stop loss to breakeven after TP1
Maintain strict risk management
Do you think $ETH will reclaim $1,650 this week? 👀🚀
#ETH #Ethereum #ETHUSDT #CryptoTrading #BinanceSquare
Ethereum has experienced a sharp correction from the $1,660 resistance zone, but the recent price action on the 1H timeframe suggests that buyers are attempting to reclaim momentum after establishing a local bottom near $1,515–$1,525.
The latest recovery candles and improving short-term structure indicate that ETH may be preparing for a relief rally, provided bulls maintain control above the current support region.
📊 Technical Analysis (1H)
✅ Strong rejection from the $1,515 support zone
✅ Higher low formation developing on lower timeframes
✅ Buyers stepping in after capitulation selling volume
✅ Short-term momentum shifting bullish above $1,575
⚠️ Major resistance remains around $1,610–$1,630
🎯 Trade Setup: LONG $ETH
Entry Zone: $1,570 – $1,585
Stop Loss: $1,540
🚀 Targets:
TP1: $1,610
TP2: $1,640
TP3: $1,680+
📈 Market Structure
The recent correction appears to be a healthy reset following aggressive selling pressure. If ETH successfully breaks above the $1,600 psychological resistance, momentum traders could fuel a stronger recovery wave toward the $1,650–$1,680 region.
However, failure to hold $1,540 support would invalidate the bullish setup and potentially open the door for another leg lower.
⚡ Trading Plan:
Wait for confirmation above $1,575–$1,580
Scale out profits at each target
Move stop loss to breakeven after TP1
Maintain strict risk management
Do you think $ETH will reclaim $1,650 this week? 👀🚀
#ETH #Ethereum #ETHUSDT #CryptoTrading #BinanceSquare