📌 ETH/USD Trading Strategy

Note: This is not financial advise it is My own analysis, you must do your own calculations too before open any trade.

Current Overview

Price: $2,505.44

Timeframe: 1 Hour

Recent Trend: Bearish (downward movement from the peak above $2,750)

Support Zone: Around $2,450–$2,480

Resistance Zone: Around $2,600–$2,640

Possible Scenarios

✅ Bullish Case:

If price holds above $2,480 and breaks above $2,600 with strong volume, a reversal toward $2,680–$2,750 is possible.

🔼 Entry: Above $2,610 (after breakout candle close)

📍 Stop Loss: $2,570

🎯 Take Profit 1: $2,660

🎯 Take Profit 2: $2,720–$2,750

Breakout with high green candle volume

❌ Bearish Case:

If ETH breaks below $2,480, expect a drop toward the $2,400 psychological level.

Confirmation will be a clean break and candle close below $2,480.

🔽 Entry: Below $2,475 (after confirmation candle close)

📍 Stop Loss: $2,515 (above last minor high)

🎯 Take Profit 1: $2,430 (first support zone)

🎯 Take Profit 2: $2,400 (major psychological support)

High volume red candle at breakdown

---

📌 Suggestions

For Long Trades: Wait for confirmation above $2,600.

For Short Trades: Consider shorting if it breaks below $2,480 with volume.