📊 $ETH Market Analysis
Ethereum is currently hovering around a critical demand zone. While the broader market shows some volatility, $ETH is holding steady above its immediate support. A breakout above the current resistance could lead to a significant bullish rally.
🔍 Key Technical Levels:
Current Range: ~$2,240 – $2,350
Immediate Support: $2,200
Major Resistance: $2,450 & $2,550
🎯 Trading Signal (Spot or Low Leverage)
Direction: LONG (Buy)
Entry Zone: $2,240 – $2,285 (Look for stability in this area)
Take Profit 1 (TP1): $2,350 (Quick scalp)
Take Profit 2 (TP2): $2,420 (Strong resistance)
Take Profit 3 (TP3): $2,550 (Trend reversal target)
🛑 Stop Loss (SL): $2,180
(Crucial: If ETH closes a 4H candle below this level, the bullish thesis is invalidated.)
📉 Alternative Scenario: SHORT (Sell)
If Ethereum fails to hold the $2,450 resistance level:
Entry Zone: $2,450 – $2,480
Targets: $2,380 | $2,310 | $2,250
🛑 Stop Loss: $2,530
💡 Strategy & Risk Management:
Leverage: Keep it conservative (3x - 5x) if trading Futures to avoid liquidation from sudden wicks.
BTC Correlation: Always monitor $BTC price action; if Bitcoin drops sharply, ETH support levels may break regardless of technicals.
Partial Profits: It is always wise to take 50% profit at TP1 and move your Stop Loss to entry price to ensure a "risk-free" trade.
