$ETH Technical View
Current Price: $1,561
Major Support Zone: $1,380–1,500
Strong Resistance Zone: $1,800–1,950
Trend: Bearish to Neutral
The recent fall from the $4,900 region to $1,500 suggests a long-term downtrend.
Price is attempting to form a base near historical support around $1,400–1,500.
Bullish Setup
Entry: $1,520–1,580
Stop Loss: $1,440
Targets:
T1: $1,700
T2: $1,850
T3: $2,000
Reason:
Price is holding above a major weekly support.
Risk/reward is favorable if support remains intact.
Bearish Setup
If $ETH closes below $1,500 on strong volume:
Short Entry: Below $1,490
Stop Loss: $1,580
Targets:
T1: $1,400
T2: $1,300
T3: $1,200
My Preferred Trade
At current levels, I would not chase shorts near support. The better setup is:
✅ Buy near $1,520–1,550
❌ SL below $1,440
🎯 Target $1,800+
This offers roughly a 1:3 risk-reward ratio.