$ETH has rallied back into a major supply zone where selling pressure could return and shift momentum in favor of the bears. This area previously acted as strong resistance, making it a high-probability region to watch for a bearish rejection.
🔻 Entry: $1,557 – $1,605 🛑 Stop Loss: $1,700
🎯 Take Profit Targets: TP1: $1,515 TP2: $1,460 TP3: $1,390
The recent recovery still appears to be a corrective bounce within the broader market structure rather than the start of a new uptrend. Liquidity remains stacked below recent swing lows, creating an attractive downside target if sellers step back in. Failure to establish acceptance above this resistance zone could trigger renewed bearish momentum and accelerate price toward lower support levels. Stay disciplined, manage risk carefully, and never risk more than you can afford to lose.