$ETH Trading Setup: Quick Target Update!
Currently, Ethereum (ETH) is trading around $1796.50 against USDT.
After studying the recent 1-hour chart, here’s a quick price action update and a potential trading idea:
Current Price: ~$1796
Recent Resistance: ~$1827 (24h high)
Support Zone: ~$1757
Short-term Strategy:
If ETH holds above current support levels, there’s a good chance of retesting the recent highs.
Here’s the plan:
Action Price
Entry (Buy Zone) ~$1796
Target 1 ~$1827
Target 2 ~$1855–$1870
Stop-Loss ~$1750
If ETH can break and close above $1830, we could see a strong continuation toward the $1855-$1870 range!
Quick Notes:
Momentum: Looks slightly bullish with small pullbacks.
Risk Management: Always set a stop-loss, especially around ~$1750.
Pro Tip: Consider laddering your exits – take some profit at $1827 and hold a little more for $1855+ in case of a strong breakout!
Disclaimer:
This is not financial advice. Always DYOR (Do Your Own Research) and manage risk according to your own trading plan.