$ETH Market Trend: Bullish Consolidation, Eyeing Further Gains
Trade Signal
Entry 1: $3,860 (Current zone - for continuation if it holds)
Entry 2: $3,850 (Buy on pullback towards the middle band)
TP1: $3,880
TP2: $3,900
TP3: $3,920
TP4: $3,940
Stop-Loss: $3,740 (Below recent support)
Why This Trade?
Ethereum has shown a clear upward trend and is now consolidating at higher price levels. It's holding above its key moving average, which is a positive sign for continued buying interest. This consolidation after an uptrend often indicates a brief pause before another leg higher.
Support & Resistance Levels
Support: $3,850 • $3,840 • $3,820
Resistance: $3,880 • $3,900 • $3,920
Market Update for ETH (ETH)
Ethereum is maintaining its bullish momentum, currently in a healthy consolidation phase after recent price increases. Volume remains consistent, suggesting sustained buyer interest. The overall market sentiment for ETH is positive, with traders anticipating further upward movement if current support holds firm.
