Ethereum is showing strong bullish momentum, currently trading at $2,541.80 (+1.53%) and testing its 24-hour high of $2,545.22. After rebounding cleanly from the $2,487.95 support level, ETH is forming higher lows with rising volume, signaling bullish accumulation.
A confirmed breakout above $2,545 could trigger accelerated upside.
Entry Zone: $2,520 – $2,530, ideal on a pullback that aligns with the Fibonacci 38.2–50% retracement zone.
Take Profit Targets:
TP1: $2,580 (near-term resistance),
TP2: $2,650 (psychological level),
TP3: $2,720 (extended target).
Stop Loss: $2,490, placed just below the 24h low for a 1.5% risk buffer.
For confirmation, look for bullish candlestick patterns such as a hammer or bullish engulfing near $2,520, accompanied by a volume surge.
If TP1 is hit, consider moving your stop to breakeven and gradually scaling out: 40% at TP1, 40% at TP2, and the remaining 20% at TP3.
This setup offers a clean technical structure with a risk-reward ratio of approximately 1:4 an attractive opportunity for momentum traders.
Trade here 👉🏻 $ETH