$ETH Hey Binance Square Family! 🌟 Ready to sharpen your trading lens? Here’s a fresh take on ETHUSDT—zoom out, simplify, and capture the bigger picture. Let’s dive in!

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📊 Big Picture Trend: Upward Channel Intact

ETH is currently trading within a broad ascending channel, finding support around 2600–2675 USDT and resistance near 2940 USDT .

A breakout above the upper channel edge could propel ETH toward 3300 USDT, the next potential target flagged by a bullish continuation setup .

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🛠 Key Indicators & Levels to Watch

Moving Averages (MA 7 / 25 / 99): All are positioned below the current price—bullish bias .

Ichimoku Cloud: Price remains above the cloud, with strong support at ~2675 USDT .

Bollinger Bands: Narrowing bands signal a possible surge in volatility soon .

Parabolic SAR: Indicator dots are below price—bullish signal remains intact .

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🔁 Price Action Scenarios

1. Bullish Continuation

If ETH holds above 2600–2675 USDT and breaks the short-term purple trendline, the momentum may carry price toward 2940 USDT, with upside toward 3300 USDT .

Keep volume and volatility indicators on your radar to confirm the breakout’s strength.

2. Cautious Pullback

A drop below 2600 USDT could trigger a decline to the next support at 2450 USDT or revisit the ascending channel base .

Watch for oversold signals to reassess your entry zone.

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🎯 Trade Strategy Summary

Position Type Entry Zone Stop-Loss Take Profit

Long $2600–2675 <$2600 $2940 → $3300

Short <$2600 >$2675 $2450 (channel base)

Risk tip: Always set a clear stop-loss and define your risk-to-reward ratio before entering.

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💡 Why Zooming Out Matters

Sometimes, focusing too narrowly causes you to miss key support or resistance zones. By observing the broader trend structure, you can:

Identify high-value entry zones within the channel (e.g., near 2600).

Spot trend continuation patterns, such as bullish flags or breakouts.

Avoid being whipsawed by noise in short timeframes.

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