$ETH

📊 ETH/USDT – Range Support Swing Trade Setup

🕐 Timeframe: 1H

💰 Current Price: $2,558.45

📈 Trend Context: ETH is trading within a broad ascending channel. Price has bounced off local range support ($2,413) and is making a short-term higher low.

🟩 Entry Plan (Long Bias):

📌 Entry Zone:

Aggressive: $2,540 – $2,560 (current consolidation support)

Retest Entry: $2,500 – $2,520 (closer to prior support + fib area)

Breakout Entry: Above $2,600 with strong volume

🎯 Take-Profit Targets:

🎯 TP1: $2,630 (recent local resistance)

🎯 TP2: $2,720 (range mid-resistance)

🎯 TP3: $2,820 – $2,850 (channel top)

🛡️ Stop-Loss:

🔻 SL: $2,410 (below key horizontal support and channel invalidation)

⚖️ Risk-Reward Tip:

Entry: $2,550 | SL: $2,410

TP2: $2,720 → Risk:Reward ≈ 1.2:1

TP3: $2,850 → Risk:Reward ≈ 2.14:1

Adjust SL to breakeven at TP1.

🔄 Alternate Bearish Scenario:

If ETH breaks below $2,410 with a close and volume spike:

📉 Look for downside targets at $2,300 and $2,150 (lower channel and liquidity sweep zones)

✅ Confirmation Triggers:

🔸 Bullish engulfing or pin bar at $2,540 – $2,550

🔸 RSI > 50 and MACD crossover on 1H

🔸 BTC remaining stable or bullish above $108K

🔥 Signal Strength:

Moderate – Favorable risk-reward at range support, but breakout confirmation or broader market momentum will increase conviction.