$ETH Market Trend: Bullish, Consolidating After Gains
Trade Signal
Entry 1: $4627.00 (Current zone - for continuation if it holds)
Entry 2: $4599.00 (Buy on pullback towards the middle band)
TP1: $4651.00
TP2: $4670.00
TP3: $4690.00
TP4: $4710.00
Stop-Loss: $4580.00 (Below recent strong support)
Why This Trade?
ETH has shown a clear upward trend, consistently maintaining its price above the middle Bollinger Band. The bands have expanded upwards, indicating strong bullish momentum. The current slight consolidation is a healthy pause after recent gains, suggesting it might be preparing for another move higher.
Support & Resistance Levels
Support: $4599.00 • $4580.00 • $4560.00
Resistance: $4651.00 • $4670.00 • $4690.00
Market Update for ETH (ETH)
ETH is currently displaying positive momentum, with prices consolidating after a period of gains. Volume is moderate, indicating some continued buyer interest. The overall market sentiment for ETH is bullish, with traders anticipating further upward movement if current support levels hold.
