๐ $ETH /USDT Long Trade Signal (1H Timeframe) ๐
Ethereum is showing signs of life after the dip, with bulls slowly reclaiming control and price action firming up near the $3,830 support zone. After a sharp decline, ETH is stabilizing โ and the momentum looks ready to flip bullish if buyers step up. โก
๐ Market Snapshot:
Current Price: $3,842.10
Support: $3,780
Resistance: $3,920
๐ Long Setup (Bullish Bias):
Entry Zone: $3,830 โ $3,850
Take Profit 1 (TP1): $3,880
Take Profit 2 (TP2): $3,940
Take Profit 3 (TP3 โ Final): $4,020
Stop Loss (SL): Below $3,770
๐ก Technical Outlook:
ETH is currently consolidating just above key support, hinting at a potential bullish breakout if the price holds above $3,830. A decisive break and close above $3,920 could confirm the next wave higher โ eyeing $3,940 and ultimately $4,020 as targets.
The short-term moving averages are flattening, suggesting a base is forming, and increasing volume could be the spark that ignites a rally. Traders should watch closely for a volume spike or strong candle close above resistance to validate entries.
โ ๏ธ Risk Management:
Stay disciplined โ keep stops tight below $3,770 to protect capital. If ETH loses that level, bulls will need to regroup.
๐ฏ Traderโs Insight:
Momentum is rebuilding, and Ethereum looks poised for a rebound play. Patience pays here โ let confirmation lead the way, then ride the move toward $4K+ if bulls hold their ground! ๐ช
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