$ETH 1H LONG SETUP — I’m looking for a controlled pullback, not a chase
I’ve been watching ETH on the 1H chart and, honestly, the structure is starting to look more interesting after that sharp flush down to $1,852.15.
ETH is currently around $1,885, so the first thing I’m noticing is that price managed to recover almost the entire selloff instead of continuing to make fresh lows.
That matters to me.
The move from $1,900+ down toward $1,852 was aggressive, but buyers stepped in around the lows and ETH started building a base. Since then, price has pushed back above the short-term moving avera