Here's a clear $ETH /USDT Perpetual Futures Setup based on your data (likely from Blofin or a similar derivatives exchange):
ETH/USDT Perpetual Futures Overview
Current Price: ~$2,056.45
Market Structure: Attempting breakout
Key Observation: "Reclaim this area to flip bullish" noted around $2,400
Key Price Levels (Visual Grid)
Bullish Reclaim Zone: $2,400+
ETH needs to reclaim and hold above $2,400 to confirm a trend reversal into bullish territory.
Resistance Levels:
$2,400 – Flip level
$2,600, $2,800, $3,000 – Psychological + structural resistance
Support Levels:
$2,000 – Psychological support
$1,800, $1,600 – Key higher timeframe demand zones
Trade Setup: Breakout Play or Pullback Buy
Option 1: Breakout Confirmation
Entry: Above $2,400 with high volume (reclaim + retest)
Stop Loss: Below $2,300 (structure invalidation)
TP Targets: $2,600 / $2,800 / $3,000
Option 2: Pullback Buy
Entry: $1,950–$2,000 range (strong support + volume confirmation)
Stop Loss: Below $1,800
TP Targets: $2,200 / $2,400 / $2,600
Note: If ETH sustains above $2,400 and volume builds, it could mark the beginning of a mid-term rally. Watch for daily close confirmation.
Would you like this drawn on a chart for visual guidance?
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