ETH Long Trade Idea
Entry: $4,450 (buy the dip near short-term support)
Stop-Loss: $4,350 (just below support)
Take Profits:
TP1: $4,788 (upper trend resistance)
TP2: $4,865 (just below ATH)
TP3: $5,100–$5,300 (momentum breakout zone)
Why: ETH is in strong institutional-driven uptrend and only slightly below its all-time high. A pullback to the $4.4k–4.5k zone offers better trade odds amid overbought indicators. Year-end forecasts remain bullish (~$7.5k by Standard Chartered). Balanced R/R structure with defined SL and multiple exit points.
Risk-Reward: TP1 ≈ 1:1 | TP2 ≈ 1:1.5 | TP3 ≈ 1:3
Alternative: If price breaks below $4,450, consider a short from $4,721.85 targeting $4,192 with SL at $4,792.80—high R/R (≈1:7.5) on failure scenario.