$ETH 1D SETUP — SUPPORT BOUNCE FROM 1505 DEMAND ZONE
After a clean downside leg, $ETH is reacting from the 1505 demand zone. The bounce is technically valid. Structure is not fully confirmed yet.
Setup:
Entry: 1580 to 1615
Stop Loss: 1495
TP1: 1660 | TP2: 1760 | TP3: 1860
The key level: 1660. This is the reclaim needed to confirm momentum, not just a support bounce.
As long as ETH holds 1505, buyers have a live setup. Lose 1495 and bears reclaim structure. Right now, this is cautiously bullish — not a reversal confirmation.
Watch 1660 closely. That is the decision point.
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ETH
1,664.87
-2.06%