$ETH Ethereum has delivered an impressive breakout from the consolidation zone and is currently maintaining a bullish market structure. Price remains above all major moving averages, indicating that buyers are still in control despite the recent pullback from the local high.

🔥 Market Bias: BULLISH

Why Bullish?

✅ Higher Highs & Higher Lows Structure

✅ Price Trading Above MA25 and MA99

✅ Strong Impulsive Rally From $1,535 to $1,648

✅ Healthy Pullback Instead of Panic Selling

✅ Buyers Defending Key Support Areas

The recent correction appears to be profit-taking rather than a trend reversal.

🎯 Key Support Zones

🟢 Immediate Support

$1,620 – $1,622

This area aligns closely with MA25 and recent bullish structure support.

🟢 Strong Support

$1,604 – $1,610

A break below this zone would weaken short-term momentum.

🟢 Major Support

$1,580

MA99 dynamic support and overall trend defense zone.

💡 Trade Setup

✅ Conservative Entry

$1,620 – $1,625

This provides the best risk-to-reward opportunity near support.

✅ Breakout Entry

Enter only after a confirmed close above:

$1,648

with strong volume confirmation.

🛑 Stop Loss

Recommended SL:

$1,604

A breakdown below this level would invalidate the current bullish structure.

🎯 Profit Targets

Target 1

$1,648

Target 2

$1,665

Target 3

$1,680

Extended Target

$1,700

⚖️ Risk-to-Reward

Entry: $1,622

Stop Loss: $1,604

Risk: $18

Target: $1,680

Reward: $58

📊 Risk-Reward Ratio ≈ 1:3.2