$ETH — Sellers are losing momentum as price stabilizes around a key support zone.
Long $ETH
Entry: 1,588 – 1,594
SL: 1,576
TP: 1,607 – 1,624 – 1,637
The sharp selloff from the session high has slowed, with buyers repeatedly defending the 1,580 area. Price is reclaiming the short-term EMA while testing the higher EMA cluster, showing demand is returning. Momentum is gradually improving, although a decisive break above 1,600 is still needed to confirm strength. The broader intraday structure favors a recovery if buyers continue to absorb supply.
As long as 1,576 holds, the recovery thesis remains valid and upside continuation is favored.
Trade $ETH here👇
Long $ETH
Entry: 1,588 – 1,594
SL: 1,576
TP: 1,607 – 1,624 – 1,637
The sharp selloff from the session high has slowed, with buyers repeatedly defending the 1,580 area. Price is reclaiming the short-term EMA while testing the higher EMA cluster, showing demand is returning. Momentum is gradually improving, although a decisive break above 1,600 is still needed to confirm strength. The broader intraday structure favors a recovery if buyers continue to absorb supply.
As long as 1,576 holds, the recovery thesis remains valid and upside continuation is favored.
Trade $ETH here👇