$ETH looks bullish and I'm expecting this pullback to be a reload zone before the next move higher.
The market already found strong support near 1,505 and buyers responded with a solid recovery. I'm seeing a healthy consolidation after the bounce, which often comes before the next expansion phase.
Why I'm Bullish
1. Strong reaction from the 1,505 support zone.
2. Buyers successfully reclaimed 1,600.
3. Higher-low structure is developing.
4. Selling momentum is slowing down.
5. Price is holding above a key recovery area.
Trade Setup
Entry Zone: 1,620 - 1,650
Stop Loss: 1,500
Targets
Target 1: 1,720
Target 2: 1,820
Target 3: 1,950
Target 4: 2,100+
How It's Possible
The 1,505 level attracted strong buying pressure.
Current consolidation shows bulls are defending gains.
Holding above 1,600 keeps the recovery structure intact.
A breakout above 1,720 can trigger fresh momentum.
Reclaiming 1,820 would strengthen the case for a larger trend reversal.
Risk Management
Avoid chasing impulsive green candles.
Enter near support whenever possible.
Secure profits at each target.
Move stop loss to breakeven after Target 1.
I'm watching this closely because the recovery structure remains intact despite recent weakness. As long as 1,500 holds, bulls still have a strong chance to push toward higher levels.
Let's go and Trade now $ETH