$ETH #Ethereum (
$ETH ) – Bullish Breakout Setup Forming After Long Liquidation
Market Pulse:
A recent long liquidation of $7,082 at $1,793.44 triggered a shakeout, clearing weak hands from the market. Despite the flush,
ETH is holding key structural support, setting the stage for a potential rebound and bullish breakout continuation.
Critical Price Zones:
Support Base: $1,780 – $1,795
Breakout Trigger Level: $1,820
Resistance Ceiling: $1,850 – $1,875
Trade Setup – Bullish Bias:
Entry Range: $1,795 – $1,805 (on bounce from support or breakout confirmation)
Targets:
TP1: $1,830
TP2: $1,850
TP3: $1,875
Stop-Loss: $1,775 (below recent liquidation low)
Technical Outlook:
Post-liquidation consolidation hints at accumulation near support. If bulls reclaim $1,820 with conviction, it may ignite a fast move toward the upper resistance band. The long wick near $1,793 suggests buyers defended the dip with strength.
Next Play:
Look for bullish engulfing candles or a volume-driven push through $1,820. A breakout above this level could trigger a new bullish leg with strong upside potential.
Pro Tip:
Tighten stops once above $1,840 to secure gains. Watch ETH/BTC pair for confirmation of relative strength.
This dip may have been the setup—momentum could swing fast once resistance cracks.
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