Ethereum traders are watching to see if a strong reaction from an area of lower demand can turn into a broader recovery in the near term, with one TradingView analyst plotting bullish targets as high as $1,850.
TL;DR
- TradingView analyst IGT_Traders says that ETHUSD has shown early signs of a bullish shift in market structure.
- The setup focuses on buyers defending the demand zone between $1,670 and $1,690 after a sell-side liquidity sweep.
- Resistance lies between $1,735 and $1,755, with bullish targets at $1,750, $1,800, and $1,850.
- The bullish setup is invalidated with a strong first half close below $1,690.
Ethereum buyers intervene on demand
A TradingView idea from IGT_Traders frames ETHUSD as a short-term bullish setup after the price reacted strongly from the $1,670 to $1,690 demand zone. The analyst described the move as a possible sell-side liquidity sweep, where the price fell below previous lows before quickly reversing as buyers intervened.
That type of move is important because it can mark the point at which aggressive sellers become exhausted and stronger buyers begin to absorb the supply. In this case, the analyst said that Ethereum is also starting to form higher lows, suggesting that buyers are gradually gaining more control over the short-term price action.
However, the configuration is not yet confirmed. The first major test is around the resistance area between $1,735 and $1,755. A break above that zone would strengthen the bullish continuation case and give traders a clearer signal that previous bearish pressure is fading.
ETH targets $1,750, $1,800 and $1,850
The TradingView plan lists three bullish targets. The first is $1,750, described as the initial resistance and liquidity target. The second is $1,800, where Ethereum would start moving towards a supply region with a higher time frame. The ultimate target is $1,850, which the analyst marks as a major liquidity target and the upper limit of that larger supply zone.
That makes trade setup relatively simple: ETH needs to stay above the demand zone, build structure through higher lows, and then break through the $1,735 to $1,755 area. If so, momentum traders may start eyeing the $1,800 to $1,850 region as the next place where supply could return.
At the same time, this remains a short-term technical setup rather than a general market reversal forecast. Ethereum has to prove that buyers can defend the recovered structure during pullbacks, not just react once to demand.
The invalidation is below $1,690
The clearest line in the settings is the override level. IGT_Traders said a strong first-half close below $1,690 would invalidate the bullish view and suggest sellers have regained control.
That level is important because it is near the lower edge of the demand zone. If Ethereum loses decisively, the liquidity sweep argument weakens and the bounce risks becoming another failed relief measure.
For now, Ethereum’s short-term chart offers bulls a structure to defend. The next question is whether ETH can go from reaction to confirmation.
This article was written by News Desk and edited by Samuel Rae.
Editorial process for bitcoinist focuses on providing thoroughly researched, accurate and unbiased content. We maintain strict sourcing standards and every page undergoes diligent review by our team of technology experts and experienced editors. This process ensures the integrity, relevance and value of our content to our readers.
