ETHUSD continues trading within a broader corrective structure after a strong bearish decline. Price is now approaching a major institutional demand zone that has historically attracted significant buying interest. The focus is on whether buyers can defend this area and initiate a bullish recovery toward higher resistance levels.
Technical Confluence
✅ Institutional demand zone being tested
✅ Price reaching the lower boundary of a descending channel
✅ Oversold momentum after an impulsive bearish move
✅ Potential accumulation area near long-term support
✅ Multiple upside liquidity targets overhead
Trade Setup
Direction: Long / Buy
Entry Zone: 1,780 - 1,820
Stop Loss: 1,690
Take Profit Targets:
TP1: 2,078
TP2: 2,310
TP3: 2,520
Risk-to-Reward:
TP1: ~2.5R
TP2: ~4.5R
TP3: ~6.5R
Invalidation / Risk Management
A sustained breakdown below the institutional demand zone would invalidate the bullish outlook and could expose ETHUSD to deeper downside. Risk should be predefined before entry and position sizing adjusted accordingly.
Note: Educational analysis only. Not financial advice. Always do your own research.
