Ethereum is back in a level-by-level technical fight after a TradingView analyst mapped out a short-biased setup that puts the market’s attention on whether ETH can hold near equilibrium or slide toward a deeper demand zone.
TL;DR
TradingView analyst Champ_of_Gold says ETH has reacted from an institutional supply area.
The setup highlights $1,718.5 as an immediate reaction level.
The analyst’s deeper demand target sits around $1,562.7 down to the $1,500 psychological zone.
ETH was trading around $1,765 at the time of writing, leaving the setup close enough to matter for short-term traders.
The analysis, published on TradingView under the title “ETHUSD: The Road To Demand”, frames the current ETH structure as a possible shift from premium pricing back toward discount levels. The analyst says price had moved into a supply zone between roughly $1,732.4 and $1,761.9 before showing a change of character on a lower time frame.
ETH Price Setup Turns On The $1,718 Area
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