For a long position on #Ethereum ($ETH ), consider the following trading strategy:
Entry Point: Buy above $4,200, with potential entry zones at $4,126-$4,140 or $4,450-$4,500.
Stop Loss: Set a stop loss below $4,100, with potential stop loss levels at $3,510, $3,400, or $4,330.
Target Points:
- Short-term Targets: $4,208.5, $4,231.5, $4,287.5, $4,420, $4,446, $4,550, and $4,600
- Medium-term Targets: $4,800-$5,000
- Long-term Targets: $5,430, $7,000+
Key Levels to Watch:
-Support Levels: $4,100, $3,700-$3,800, $3,600-$4,000
- Resistance Levels: $4,300-$4,365, $4,500-$4,650, $4,792, $4,880
Market Sentiment:Ethereum's market sentiment is currently neutral, with a potential for bullish momentum due to upcoming upgrades like the Fusaka upgrade and institutional adoption .
Risk Management:Use proper risk management techniques, such as position sizing and stop-loss orders, to limit potential losses. Consider adjusting position size based on risk tolerance .
ॐ🌟🌞 Buy and trade here 👇#SmartInvesting