$ETH /USDT BULLISH MOMENTUM RECLAIMING CONTROL – UPSIDE TARGETS AHEAD!
Current Price: $2,609.27
24h High / Low: $2,628.21 / $2,542.06
Volume: 363,732 ETH / $942.12M USDT
Timeframe Observed: 4H & 1D
Trend: Bullish structure with higher lows and increasing demand
KEY TECHNICAL LEVELS:
Immediate Resistance: $2,628
Major Resistance: $2,685
Immediate Support: $2,580
Strong Support Zone: $2,540 – $2,560
ETH has successfully rebounded from the $2,540–2,560 support zone, showing a healthy bullish recovery. The price is pushing toward the $2,628 resistance, and a break above this level could trigger a strong upside move.
TRADE SETUP – LONG POSITION IDEA:
Long Entry: On breakout above $2,630 with volume confirmation
Targets (TP):
TP1: $2,685
TP2: $2,750
TP3: $2,820
Stop Loss (SL): Below $2,560
Alternative Entry: If ETH pulls back to $2,580–$2,560 zone, look for bullish reversal patterns for a safer re-entry.
RISK MANAGEMENT:
Risk only 1–2% of your total capital per trade.
Adjust SL to entry once TP1 is achieved to secure profits.
Watch BTC movement as it heavily impacts ETH price action.
Conclusion: $ETH/USDT is positioned strongly for a bullish continuation if $2,630 breaks. Volume buildup and broader market sentiment are aligning in bulls’ favor. Stay focused and manage your trade wisely!
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