$ETH
ETH
2,596.22
+0.71%
USDT BULLISH CONSOLIDATION – READY FOR ANOTHER BREAKOUT ABOVE $2600? ⚡️
ETH is currently holding strong near $2,595.01 (+0.88%) after an impressive rally from the $2,556.12 low. The price action on the 1H chart shows consolidation below the psychological $2,600 level, indicating that bulls are accumulating for a potential continuation towards recent highs.
🔑 Key Levels:
Support: $2,570 – $2,556
Resistance: $2,600 – $2,635
Current Price: $2,595.01
🎯 Trade Setup (Long):
Entry Zone: $2,590 – $2,596
Take Profits: TP1: $2,610, TP2: $2,620, TP3: $2,635
Stop Loss: $2,570
📈 Market Outlook: ETH maintains bullish momentum with higher lows and stable consolidation. A clean break above $2,600 with volume could trigger a swift move towards $2,635 resistance. If rejected, a pullback to $2,570 support would offer re-entry opportunities for continuation traders.
⚠️ Risk Management: Always define your risk before entering. Use appropriate position sizing to limit risk to max 1-2% per trade. Markets can reverse quickly – stay disciplined with stop loss.
💬 Comment 🔥 if you believe ETH is gearing up for the next leg up!
#ETH #Ethereum #CryptoSignals #Binance
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