Coin - $ETH
Signal - Long (Mid to long term)
Detailed trade setup is at the bottom of this article.
$ETH is showing strong resilience in the current market, firmly maintaining its position above both the 50-length moving average and the Value Area Low (VAL) from both short- and long-term volume profiles. This signals robust underlying support and confirms Ethereum's long-term bullish structure. However, in the short term, a minor pullback to the $2200–$2300 zone remains possible as there is bearish crossover on the daily MACD, especially as Bitcoin hovers near a key resistance level. Such a dip would likely serve as a healthy retest of support before a potential move higher. If ETH can successfully break above the $2720–$2730 range, it opens the door for a rally toward the $3200 level. This could be the last accumulation opportunity before the next leg of the bull run, making it an ideal time to consider entering the market.
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USDT Dominance (USDT.D) is currently moving within a short-term falling trend channel, suggesting a gradual shift away from stablecoins and potential risk-on sentiment returning to the crypto market. As capital rotates out of USDT, it often signals renewed interest in altcoins and Bitcoin, increasing the probability of a broader market upswing. This environment supports a more bullish bias, making long trade setups more favorable than shorts. Traders should monitor this trend closely, as continued weakness in USDT dominance may further fuel momentum across the crypto space, offering attractive entry points for bullish positions.
📈 Trade Setup 1: Breakout Entry
Enter a long position if ETH breaks above the recent high at $2,730. This breakout would signal renewed bullish momentum. Set your stop-loss at $2,540 to manage downside risk in case of a false breakout.
📉 Trade Setup 2: Support Zone Entry
If the market pulls back, look for a long entry within the support zone between $2,200 and $2,380. This area is backed by strong historical support and volume profile structure. Place your stop-loss at $1,920 to protect against a deeper correction.
Both setups offer favorable risk-reward potential depending on how ETH reacts at key levels. Always manage position size and use proper risk management.
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