$ETH 🔥 🔥 💣 ETHEREUM EXPLODING 🎆 🔥
🧭 Chart Overview & Technical Setup
1. Ascending Channel
ETH has been tracing a well-defined ascending channel on the daily chart, with support around $2,700–2,740 and resistance near $2,820–2,830 . A breakout above $2,830 could signal a major rally toward $3,000.
🎯 Trade Setup
✅ Bullish Scenario
Trigger: Daily close and retest above $2,830.
Entry: Long on breakout with confirmation candle + volume.
Stop-Loss: Below $2,740–2,750 (center of channel & support region).
Targets:
1. $2,900
2. **$3,000** – psychological & chart level
3. **$3,060–3,100** – extended channel target
🔻 Bearish Scenario
Trigger: Rejection near $2,820–2,830, or breakdown below $2,700 with volume.
Entry: Short on confirmed breakdown.
Stop-Loss: Above $2,830–2,850.
Targets:
1. $2,680–2,700 – support retest
2. $2,610–2,620** – secondary support
3. $2,500–2,550* – neutral zone and pivot region
✅ Risk Management & Timing
Volume is key: Breakouts or breakdowns should be confirmed with above-average volume.
Macro backdrop: ETH price surges follow favorable inflation data and altcoin rotations; monitor BTC for market-wide cues .
📌 Trade Summary Table
Scenario Trigger Entry Zone Targets Stop-Loss
Bull Close + retest above $2,830 $2,830+ $2,900 → $3,000 → $3,060–3,100 <$2,740–2,750
Bear Rejection at $2,820–2,830 or breakdown < $2,700 $2,700–2,750 $2,600 → $2,500 >$2,830–2,850
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