ETH/USDT — Short-Term Profit Booking Setup
Entry Zone: $4,250 – $4,300
Quantity to Buy: ~0.24 ETH (for a $1,000 position)
Take Profit Targets:
TP1: $4,400
TP2: $4,550
Stop-Loss: $4,200
Live Price Snapshot:
Ethereum is currently trading around $4,285, down approximately 4.2% intraday, with a high of $4,569 and a low of $4,242.
Rationale:
The $4,250–$4,300 zone aligns with recent support and the EMA(25) area at ~$4,044, offering a technically sound entry point.
A bounce toward $4,400 is plausible—this level near intraday resistance could be a solid TP1.
A more extended move could reach $4,550, aligning with broader institutional inflows and rising momentum.
A break below $4,200 would invalidate the setup and increase downside risk—hence using that as a stop-loss keeps risk defined.