ETH/USD (Ethereum vs U.S. Dollar) on 2-hour timeframe...

7 nov

ETH/USD (Ethereum vs U.S. Dollar) on what seems to be the 2-hour timeframe.

Here’s what’s visible:

The chart shows a descending trendline (downtrend) and a horizontal support zone around the $3,200 area.

My marked two “Target Points” above, suggesting a bullish reversal setup from that support.


🎯 Target Levels (approximate based on chart scale)

1. First Target Point: around $3,450 – $3,480
→ This aligns with the first resistance zone and the projected move from the descending breakout.


2. Second Target Point: around $3,720 – $3,750
→ This represents the measured move from the pattern height projected upward — the next major resistance.




---

⚙ Summary

Current Price: ≈ $3,283

Support Zone: ≈ $3,200

1st Target: $3,450

2nd Target: $3,720

Bias: Bullish breakout expected if ETH/USD breaks above the descending trendline and confirms above the Ichimoku cloud.

7 nov

Trade attivo

active