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$ETH is getting a decent reaction after that sharp flush to $1,505, but the chart is still in recovery mode, not full reversal mode yet.
The bounce is clean, but $1,720 is the level that needs to flip for bulls to gain real control again. Until then, this is a cautious long setup with tight risk.
Entry: $1,650 to $1,685
SL: $1,585
TP1: $1,720
TP2: $1,820
TP3: $1,950
Targets: $1,720, $1,820, $1,950
ETH looks like it found a short term floor, but confirmation matters. Above $1,720, the setup starts looking much more clean and tradeable.
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