Ethereum (ETH) is exhibiting strong bullish momentum today, with the price currently around $2,411.77. This surge follows a significant 20% increase in the past 24 hours, marking the largest single-day gain this year. The rally is fueled by over $265 million in short liquidations and a 184% spike in futures volume, indicating robust buying interest and potential for further upside.

📈 Intraday Trading Strategy (May 10, 2025)

Current Price: ~$2,411.77

Trend: Strongly Bullish

Entry Point

Pullback Entry: Consider entering around $2,350–$2,370 if the price retraces to this support zone.

Breakout Entry: Alternatively, a breakout above $2,450 could signal continuation of the uptrend.

🔹 Stop-Loss (SL)

Pullback Entry SL: Place a stop-loss below $2,300 to manage risk in case of a deeper correction.

Breakout Entry SL: For breakout entries, a stop-loss around $2,400 can help protect against false breakouts.

Take-Profit (TP) Targets

TP1: $2,500 — aligns with the next significant resistance level.

TP2: $2,550 — potential extension if bullish momentum persists.

Risk-Reward Ratio: Aiming for a minimum of 2:1 to ensure favorable trade dynamics.

$ETH