Trade Setup: Ethereum Breakout Play
Trade Setup โ Ethereum ($ETH) Breakout Scenario
Component Price Range (USD)
Entry Zone $4,520 โ $4,540
๐ฏ Target 1 $4,650
๐ฏ Target 2 $4,800
๐ฏ Target 3 $5,000
Stop Loss Below $4,480
Bullish conditions: ETH maintaining support above ~$4,500 and holding within the rising channel suggests upward momentum remains intact.
Target rationale:
~$4,650โ$4,800 aligns with the intraday high region and next logical resistance.
A push toward $5,000 aligns with widespread analyst projections and bullish sentiment across institutional channels .
Downside alert: A drop below ~$4,480 could invalidate the bullish setup and indicate deeper correction risk.
Disclaimer
This content is provided for informational purposes only and does not constitute financial, investment, legal, or trading advice. Cryptocurrencies are high-risk and volatile. Always perform your own research (DYOR), consider your personal risk tolerance, and consult with a licensed financial advisor before making trading decisions.