Ethereum has always been a powerhouse, but this week’s price action on the $ETH/USDT pair was particularly exciting. I noticed a bullish engulfing pattern on the 1-hour chart, which signaled a reversal. I entered a long position at $3,420 and set a trailing stop to protect my gains. As the price moved up, I scaled out 50% at a resistance level and moved the rest to breakeven. ETH’s fundamentals remain strong with the network transition to PoS, L2 adoption, and DApp ecosystem growth. Binance’s advanced chart tools made this setup easy to spot and execute.
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