"ETHUSD is currently trading within a well-respected ascending channel on the 4H timeframe. Price has recently rebounded from the lower boundary and is now hovering near the midline of the channel. A sustained move above this level, supported by increasing volume, could trigger a breakout toward the $2,700-$2,750 resistance zone.I'm watching for a confirmed breakout above $2,700 with strong bullish candles and volume. If that happens, I plan to enter a long position, targeting $2,750-$2,800, with a stop below $2,620.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.