#ETHCrossed2500 (ETH) is trading at approximately $2,540.90 USD.
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š Hypothetical ETH Futures Trade Setup
Instrument: ETH/USDT Perpetual Futures (available on platforms like Binance, OKX, and Bybit)
Trade Direction: Long (anticipating price increase)
Entry Price: $2,540
Target Price: $2,900
Stop-Loss: $2,350
Leverage: 3x (moderate risk)
Risk/Reward Ratio: 1:1.8
Potential Loss: $190
Potential Gain: $360
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š Rationale Behind the Trade
Recent Market Movement: ETH has experienced a significant rally, with a 24.2% increase over the past 24 hours, bringing its price to $2,412.09.
Technical Indicators: The recent price surge suggests a bullish trend, potentially indicating further upward momentum.
Market Sentiment: The overall crypto market is showing bullish momentum, with major cryptocurrencies like Bitcoin and Ethereum experiencing significant price increases.