$ETH
Transaction Type: Buy (Long) Short Term
Entry Point:
Between $4000 – $4020 (Strong Support Area).
Stop Loss:
Below support at ~ $3890 – $3920.
Take Profit Targets:
First Target: $4150 (First Resistance).
Second Target: $4280 – $4300 (Strong Resistance Ahead).
Third Target (for Adventurers): $4450 if it strongly breaks previous resistance.
Risk/Reward Ratio (RR):
Approximately 1 : 2.5 (Risk $100–120 against potential profit $250–400).
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🔹 Alternative Scenario (In case of failure to rebound)
If the price breaks below $3900 steadily, the short-term trend turns bearish.
Then one can consider a Sell (Short) trade from levels $3880 – $3900 targeting $3750 – $3800, with a stop loss at $3950.
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📊 Summary
The overall short-term trend for ETH: Neutral to Bullish if it maintains support at $4000.
The broader daily trend: Still under selling pressure, but any rebound from this area may provide a good profit opportunity.
