Ethereum Price Setup Targets $1,850 As Buyers Defend $1,670-$1,690 Zone

Ethereum traders are monitoring a short-term bullish technical setup identified by TradingView analyst IGT_Traders, with upside targets reaching $1,850. The analysis centers on ETHUSD defending the $1,670-$1,690 demand zone after a sell-side liquidity sweep, with buyers stepping in to form early higher lows. The setup reflects a potential shift in short-term market structure as Ethereum attempts to reclaim bullish momentum from a key technical support area.

Ethereum Defends $1,670-$1,690 Demand Zone After Liquidity Sweep

IGT_Traders frames ETHUSD as a short-term bullish setup after price reacted from the $1,670-$1,690 demand zone. The analyst described the move as a possible sell-side liquidity sweep, where price pushed below prior lows before reversing as buyers stepped in. The analyst said Ethereum is starting to form higher lows, which suggests buyers are gaining control over short-term price action. The first test sits around the $1,735-$1,755 resistance area. A break above that zone would strengthen the bullish continuation argument.

IGT_Traders Maps Three Upside Targets: $1,750, $1,800, $1,850

The TradingView plan lists three bullish targets. The first is $1,750, described as the initial resistance and liquidity objective. The second is $1,800, where Ethereum would begin moving into a higher-timeframe supply region. The final target is $1,850, which the analyst marks as a major liquidity target and the upper boundary of that larger supply zone. ETH needs to hold above the demand zone, build structure through higher lows, and push through the $1,735-$1,755 area.

Bullish Setup Invalidates On H1 Close Below $1,690

IGT_Traders said a strong H1 close below $1,690 would invalidate the bullish view and suggest sellers have regained control. That level sits near the lower edge of the demand zone. If Ethereum loses it decisively, the liquidity-sweep argument weakens, and the bounce risks becoming a failed relief move.

FAQ

What is the bullish setup identified by IGT_Traders for Ethereum?
IGT_Traders identified a short-term bullish setup for ETHUSD centered on the $1,670-$1,690 demand zone defense after a sell-side liquidity sweep. The analyst noted early higher lows forming and resistance at $1,735-$1,755, with upside targets at $1,750, $1,800, and $1,850.

Why does the setup invalidate below $1,690?
A strong H1 close below $1,690 invalidates the bullish view because that level sits near the lower edge of the demand zone. If Ethereum loses it decisively, the liquidity-sweep argument weakens and sellers regain control.