#ETHCrossed2500
• Monitor Volume Trends:
An increase in volume accompanying the break above $2,500 and $2,600 can confirm the strength behind the move. Volume is key to confirming whether the breakout is sustainable.
• Adjust Stop-Loss Placement:
Consider placing stop-loss orders just below the new support at $2,500. This can help protect your position if the price reverses sharply.
• Revisit Moving Averages:
Keep an eye on the 50-day and 200-day moving averages. If ETH continues its rise, these moving averages may act as dynamic support/resistance. A continued move above these averages generally reinforces the bullish trend.
• Set Incremental Targets:
Target the immediate resistance around $2,600–$2,700 first. Once confirmed, consider moving stop-loss orders upward, thereby locking in profits as ETH approaches the next resistance at $2,850–$2,900.
• Risk Management:
Ensure any long positions are sized appropriately relative to your portfolio, and adjust your risk parameters if you see signs of increased volatility following the breakout. #TradeStories