$ETH Breaks the Downward Channel! Has the Upward Reversal Started? Technical Analysis and Ideal Trading Strategy
Technical Analysis:
Current Price: 2,429.70 USDT (+6.66%)
24-Hour High: 2,449.14
24-Hour Low: 2,188.00
24-Hour Volume: 1.86 billion USDT
Technical Indicators:
RSI (6): 56.81 – In a moderate upward phase.
MACD: Positive crossover, beginning of buying momentum.
Bollinger Bands: Price has returned above the lower line and is approaching a breakout of the midline at 2,453.
🔸 Strong rebound from the low of 2,111.89, with green candles that reinforce bullish confidence.
Suggested Trading Strategy:
Entry: Between 2,420 – 2,430 USDT
Targets:
TP1: 2,475
TP2: 2,580
TP3: 2,700 (If resistance is broken)
Stop Loss (SL): Below 2,280 USDT
Professional Tips:
Watch for a close above 2,450 to confirm the trend.
Do not risk more than 2% of the portfolio on this trade.
Buying in phases reduces risks.
In your opinion, will Ethereum be able to surpass 2,580 this week? Or will the market see a correction before the surge? Share your thoughts in the comments