ETH · 1H · UPTREND

Price has been on an aggressive recovery leg from the ~1,520 lows printed around June 26-27, and I'm now looking at a near-vertical ramp into the 1,760-1,780 zone — a level that previously acted as support before the mid-June breakdown. The structure is clear: higher lows stacking up from the 1,520 base, and price is now reclaiming ground it lost during the brutal June selloff. The move is extended though — price ran from 1,560s to 1,780 in just a few sessions, which means I'm not chasing this right here at the top of the range. ETH is up roughly 10% on the week per the live headlines, bearish liquidations dominated the 24-hour tape at nearly double longs, and the Fear & Greed Index is sitting at 23/100 — Extreme Fear. That's a contrarian signal I don't ignore. Extreme fear at this level historically marks near-bottom conditions, and the price action is already confirming that statistically: we're bouncing hard off the lows while sentiment is still maximum pessimistic. The smart play isn't to short into this divergence — it's to wait for a healthy pullback and get long at a better level.

My plan is to let price digest this extended move and come back to the 1,700-1,720 zone, which was a prior consolidation area and a logical place for the first retracement to find buyers. Chasing at 1,764 gives me terrible R/R when there's 60+ points of air below before real structure. I want to see a pullback, a hold, and then I'm in long.

Setup: LONG (conditional — on pullback to 1,705-1,720 zone holding)

- Entry: 1,715

- Stop Loss: 1,688

- Take Profit 1: 1,780

- Take Profit 2: 1,840

- Risk/Reward: 2.4:1

- Confidence: MEDIUM