Entry Price: $1,846 – $1,851
Target 1: $1,875
Target 2: $1,890
Final Target: $1,900
Stop Loss: $1,829
Why Long?
Ethereum ($ETH) $ETH is showing bullish signs after bouncing back from intraday lows around $1,813. As of now, ETH is trading above $1,850, reflecting a solid +0.30% gain. The price action is forming a V-shaped recovery, with strong buyer re-entry at the $1,830–$1,840 range.
The momentum is supported by healthy trading volume, with 460.5K ETH traded in the past 24 hours, indicating strong buying interest. If Ethereum holds above the $1,845 level, we could see a swift move towards the first target of $1,875, and potentially even the $1,900 level as price continues to recover.
A break above $1,873 (the 24H high) would serve as a key confirmation for continued momentum.
Risk Management Tip:
Consider locking in profits gradually as each target is reached. Once the first target ($1,875) is hit, move your stop-loss to breakeven to secure a risk-free trade.
Trade Strategy:
Entry Range: $1,846 – $1,851
Targets: $1,875, $1,890, $1,900
Stop Loss: $1,829
Ethereum is showing strong potential for a bullish run if it maintains support above the $1,845 level. Keep an eye on the $1,873 level for confirmation of momentum continuation.
Disclaimer:
This trade setup is based on current market conditions and price action. Always do your research and consider your own risk tolerance before executing trades.
