ETH/USD – Major Breakout Loading? Get Ready for a Big Move!
Analysis:
Ethereum is currently trading within a strong downward channel, consistently forming lower highs and lower lows. However, the price is now approaching a critical demand zone, which has previously acted as a key support level.
If ETH breaks out of this descending channel and reclaims the $1,800–$2,000 region, we could witness a powerful bullish move.
Trade Setup:
Entry Zone: Around current levels ($1,560–$1,580)
Stop Loss: Around $1,024 (just below key structure)
Take Profit Targets:
TP1: $3,189
TP2: $3,314
This setup offers an excellent risk-to-reward ratio and strong technical confluence.
Why This Trade?
Price nearing the end of a falling wedge
Sitting at a major demand zone
Potential for breakout and FOMO-driven rally
Note: This is not financial advice – for educational purposes only. Always manage your risk smartly.
Analysis:
Ethereum is currently trading within a strong downward channel, consistently forming lower highs and lower lows. However, the price is now approaching a critical demand zone, which has previously acted as a key support level.
If ETH breaks out of this descending channel and reclaims the $1,800–$2,000 region, we could witness a powerful bullish move.
Trade Setup:
Entry Zone: Around current levels ($1,560–$1,580)
Stop Loss: Around $1,024 (just below key structure)
Take Profit Targets:
TP1: $3,189
TP2: $3,314
This setup offers an excellent risk-to-reward ratio and strong technical confluence.
Why This Trade?
Price nearing the end of a falling wedge
Sitting at a major demand zone
Potential for breakout and FOMO-driven rally
Note: This is not financial advice – for educational purposes only. Always manage your risk smartly.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.