Ethereum Setup Targets $1,850 as ETH Holds $1,670–$1,690
Ethereum (ETHUSD) traders are watching for a short-term bullish shift after price reacted sharply from the $1,670–$1,690 demand zone. The TradingView analyst IGT_Traders says the move may be a sell-side liquidity sweep, followed by buyers stepping in and forming higher lows.
Key levels: resistance sits at $1,735–$1,755. If ETH breaks and holds above that zone, targets rise to $1,750, then $1,800, with a major liquidity target at $1,850 tied to the upper boundary of a wider supply region.
Invalidation: the setup is negated by a strong H1 close below $1,690. Traders should therefore treat this as a tactical rebound plan, not a confirmed broader market reversal. Confirmation requires Ethereum to defend the reclaimed structure during pullbacks and show it can absorb selling beyond a single reaction bounce.
Net takeaway for ETH trading: watch demand-zone defense first ($1,670–$1,690), then the $1,735–$1,755 breakout for momentum confirmation toward $1,800–$1,850.
Bullish
This article frames a near-term bullish ETH trade based on a specific technical structure. Ethereum reacted strongly from the $1,670–$1,690 demand zone after what was described as a sell-side liquidity sweep, and the analyst notes developing higher lows. That combination often precedes trend continuation rallies when buyers can keep absorbing sell pressure.
The bullish case hinges on two confirmations: (1) defense of the demand zone (especially avoiding a strong H1 close below $1,690), and (2) a breakout through the $1,735–$1,755 resistance band. If both occur, traders typically rotate from “bounce” expectations to “breakout-and-hold” positioning, targeting higher liquidity pools at $1,800 and $1,850.
Historically, liquidity-sweep bounces tend to work when they quickly transition from a one-off reaction into repeated higher lows and follow-through above resistance. Conversely, failure to reclaim key resistance—or a decisive breakdown back below the demand boundary—often turns the setup into a failed relief move, increasing downside volatility and forcing traders to unwind longs.
So the expected impact is bullish in the short term if ETH holds $1,670–$1,690 and clears $1,735–$1,755. Longer-term, this is not described as a full trend reversal signal, meaning follow-through beyond $1,850 would need additional catalysts or broader market strength to sustain gains.