The ETHUSD M15 chart reveals a bullish reversal forming after a prolonged downtrend. Recent candles show price consolidating near key support at 1619.67, with strong volume spikes (21044) confirming buying interest. The prior low at 1608.09 acted as a base, followed by higher closes that suggest momentum accumulation. A bullish engulfing pattern emerged around the 1610.06-1615.73 range, with volume consistently above average, indicating institutional participation. The current setup highlights a clear breakdown below the 1619.67 support level, which has now become a critical pivot point. Price action since the signal time has demonstrated resilience, with the 1629.25-1631.91 range acting as…

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