$ETH

Bullish Trading Setup

Entry Zone: $2,920 - $2,950

Retracement to the four-hour exponential moving average and trendline support convergence

Targets:

First Take Profit: $2,980 - Recent High, Partial Exit

Second Take Profit: $3,040 - Psychological Resistance

Third Take Profit: $3,100 - Measured Move Extension

Stop Loss: $2,880

Below the swing low and major structural support

Key Insights:

Trading volume of $871 million over the past 24 hours supports continued buying interest

A four-hour close above $2,980 increases the likelihood of a price breakout towards $3,100

Risk-to-reward setup exceeding 1:3

With a clear invalidation possibility

Plan:

Enter on dips between $2,930 and $2,950. Target $3,040 or more if the price holds above $2,970.

Stop trading at breakeven if the price rises.

Note: Bitcoin momentum remains a key factor, and Ethereum's price tends to follow it.