📈 Ethereum (ETH/USDT) 4-Hour Market Analysis

Current Price: $2,477.39

Trend: Bullish continuation within an upward channel

Support Zone: $2,290 – $2,300

Resistance Levels: $2,530, $2,850, and $3,000

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💼 Trade Setup

Entry Zone: $2,290 – $2,300

This range aligns with recent consolidation levels and is near the 50% Fibonacci retracement point, indicating a potential accumulation zone.

Take Profit (TP):

TP1: $2,530

TP2: $2,850

TP3: $3,000

These targets correspond to previous resistance zones and are suggested as potential profit-taking points.

Stop Loss (SL): $2,250

Placing a stop loss just below this level helps limit potential losses if the market moves against the position.

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📊 Technical Indicators

RSI: Approximately 55, suggesting neutral momentum with room for upward movement.

MACD: Approaching a bullish crossover, indicating potential upward pressure.

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⚠️ Risk Management

Risk/Reward Ratio: Approximately 1:2, depending on exact entry and exit points.

Position Sizing: Consider allocating a portion of your capital to this trade to manage exposure effectively.

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*Please ensure to conduct your own research and consider your risk tolerance before entering any trade.*