ETH/USDT — Advanced Profit Booking Setup
Entry Zone: $4,150 – $4,200
Quantity to Buy: ~0.238 ETH (for a $1,000 position)
Take Profit Targets:
TP1: $4,450
TP2: $4,700
TP3: $5,000
Stop-Loss: $4,050
Reasoning Behind the Setup
1. Support & Resistance Zones
Support at $4,150–$4,200: This aligns with important technical floors previously tested in recent sessions. A breakdown below could usher in deeper pullbacks toward $4,000 or even into the $3,950 zone.
Resistance Targets:
TP1 ($4,450) sits near short-term resistance, often tested after price consolidations.
TP2 ($4,700) reflects multi-year resistance zones and aligns with bullish targets if momentum sustains.
TP3 ($5,000) is an optimistic target supported by strong institutional demand, regulatory tailwinds, and ETF flows.
2. Market Trends & Sentiment
Ethereum has seen strong bullish sentiment over the past week, with a ~17.5% price rally and a ~23.7% surge in trading volume. Indicators like RSI and MACD remain firmly bullish.
Regulatory clarity (e.g., stablecoin frameworks, Project Crypto), along with rising institutional and ETF interest, are strengthening long-term bullish case.
3. Risk Management
Setting a stop-loss at $4,050 secures your downside just below the key support zone, allowing a reasonable buffer in case of deeper correction.