SPOT Call
Price: 2060
(Enter on entry price)
On the weekly time frame, ETH is forming an ascending triangle, a neutral pattern. It has already touched the lower support trendline, suggesting an upward move. However, in the short term, ETH may show some direction changes, but in the long run, it remains bullish.
Binance liquidation heat map indicates that ETH has upside liquidity, reinforcing the potential for an upward move in the longer time frame. For a significant price movement, holding ETH for the long term could be a good strategy.
ETH dominance (ETH.D) is expected to hold a major support zone, and once ETH starts moving up, it could gain momentum. It’s advisable to use low leverage and follow proper money management in trading. Avoid high leverage to minimize risk.
Short term Target:
1) 2300
2) 2400
3)2500
Long term target 🎯
1)2700
2)3500
3)3800
4)4000
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