$ETH BULLISH BREAKOUT IN PLAY š | NEXT STOP $3,000?
š Current Price: $2,441.90 (+1.48%)
Ethereum is showing signs of strength after a solid bounce from the $2,200 support zone, reclaiming momentum with increasing volume. The chart structure suggests a bullish breakout setup if price sustains above $2,400.
š Key Levels to Watch:
š¹ Resistance:
$2,600 (minor)
$2,800 (major breakout level)
$3,000 (psychological & technical target)
š¹ Support:
$2,400 (key level ā currently being tested)
$2,200 (strong demand zone)
$2,000 (last line of defense for bulls)
š Trade Setup ā LONG ENTRY ā”
šÆ Entry: $2,450 (on confirmation above $2,440)
š Stop Loss: $2,200 (below support)
šÆ Targets:
TP1: $2,600
TP2: $2,800
TP3: $3,000 š
š”ļø Risk Management:
Never risk more than 1-2% of your capital per trade. Stick to your stop-loss and trail profits as targets are hit.
š„ Momentum favors bulls ā watch for a breakout above $2,600 for confirmation of continuation!
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