$ETH – Longs on the Move!

By Muhammad Azeem Writer 46

Ethereum (ETH) has been showing a bullish trend from a medium-term perspective, trading within an upward-sloping blue channel. This structure indicates positive momentum and potential for further gains.

Key Technical Insight:

The red zone on the chart, which once acted as strong resistance, has now turned into support—a classic and powerful price ac#tion signal.

Critical Buying Zone:

The highlighted blue circle marks an important area where the rising lower trendline and the horizontal support meet. This intersection creates a strong confluence zone where potential bullish reversal patterns may appear.

Trading Approach:

As ETH approaches this key zone, I’ll be watching for bullish reversal setups based on my trading strategy—patterns such as a double bottom, trendline breakout, or other confirmation signals.

Reminder:

Always follow your personal trading plan when it comes to entries, stop losses, risk control, and trade management.

Final Thought:

All strategies can work—if managed properly.

Wishing you successful trades!

~ Muhammad Azeem Writer 46