$ETH
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🔍 Chart 📊Analysis Summary
Current Price: $2,561.83
24h High: $2,574.40
24h Low: $2,479.21
Recent Local Low: $2,383.34
Recent Local High: $2,681.14
Trend: Recent bounce from $2,499 support level, with a higher low formation
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✅ Entry Point (Long Setup)
Suggested Entry: Around $2,555–$2,565
The price has broken back above minor resistance ($2,550), confirming a short-term bullish structure.
This zone also avoids entering too late into a bullish candle.
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🎯 Take Profit Targets
1. TP1: $2,595 – minor resistance / recent congestion zone.
2. TP2: $2,630 – upper range consolidation.
3. TP3: $2,680 – previous major high from June 5th.
Use trailing stop to secure profits if price continues above TP1.
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🛑 Stop Loss
Stop Loss (SL): $2,495
Below the key local support ($2,499) and structure low.
This gives ~2.6% downside risk from $2,561, a reasonable cushion for 4H volatility.
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📉 If You Prefer a Short Position
Short Entry: $2,595–$2,600 (resistance rejection zone)
TP: $2,500
SL: $2,625
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🌐 Market Sentiment
Short-Term (4H): Bullish
Series of higher lows from $2,383 to $2,499
Recent breakout above short-term range
Medium-Term (30–90 Days): Bullish
+9.44% (30D), +40.37% (90D)
Long-Term (180D–1Y): Bearish
-28.46% (180D), -30.54% (1Y)
📊 Conclusion:
The short-term sentiment is bullish with a decent recovery off recent lows, making a long trade favorable right now unless resistance near $2,595–$2,600 shows strong rejection.
Would you like me to provide a trading calculator or risk-to-reward ratio for this setup?
