📊 ETHEREUM (ETH) TRADE AND TECHNICAL ANALYSIS – AUG 22, 2025

💰 Current Price: ~$4,289

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🔎 Price Action / Chart Pattern

ETH is trading inside a descending channel.

Price is testing the upper boundary (~$4,320–$4,350).

A breakout above resistance could trigger bullish momentum; a rejection may push ETH back toward supports.

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🎯 Trade Setups

✅ Bullish Setup (Breakout Trade)

Entry: Above $4,330 (on breakout confirmation)

Target (TP1): $4,500

Target (TP2): $4,600

Stop-Loss (SL): $4,200

Risk/Reward (R:R): ~1:2.5

Logic: Breakout from descending channel → momentum shift → strong upside follow-through.

Probability of Profit: ~60% (based on past ETH channel breakouts + RSI still neutral at 56).

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❌ Bearish Setup (Rejection Trade)

Entry: $4,340–$4,350 (if rejection candle forms)

Target (TP1): $4,100

Target (TP2): $4,000

Stop-Loss (SL): $4,420

Risk/Reward (R:R): ~1:2

Logic: Price rejection at resistance + StochRSI overbought → downside pullback.

Probability of Profit: ~55% (channel still bearish unless breakout confirmed).

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📌 Summary

ETH is at decision zone ($4,320–$4,350).

Breakout trade offers better risk-reward & higher probability.

Wait for confirmation (strong 4H/1D close above or rejection wick) before entering.