Coin Name: $ETH
Position: Long
Entry Price: 1750
ETH is consolidating between two trendlines on the 4-hour timeframe. A breakout above the upper trendline followed by a clean retest could provide a solid long entry. However, since RSI has tested the supply zone and is now pulling back, I remain slightly bearish for now. If you prefer, you can set a limit order around the $1750 level.
ETH.D appears bearish on the 1-hour timeframe. If it continues to decline, it could signal further downside for ETH as well.
On the 24-hour timeframe, there's significant liquidity positioned below the current ETH price. I expect a move to the downside to sweep that liquidity before a potential reversal to the upside.
Leverage: 4X
Targets:
1st TP 1780
2nd TP 1800
3rd TP 1830
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$ETH
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