$ETH
๐ Long Setup:
๐น Entry Zone: $1895 - $1905
๐น Stop Loss: $1880
๐น Target:
TP1: $1925
TP2: $1950
๐ Market Context:
๐ Trend Analysis:
ETH is currently in a recovery phase, bouncing back from the decline.
The price has surpassed MA 25 ($1884) and MA 99 ($1893), indicating a potential trend reversal.
๐ Moving Averages:
MA 7 ($1900.83) is above MA 25 ($1884), indicating a short-term bullish signal.
MA 99 ($1893.91) previously acted as resistance but has now been broken.
๐ Support Levels:
โ $1880 - $1895 is a strong support zone, indicating a long entry with low risk.
๐ Volume Analysis:
A spike in volume of 36.32K indicates strong buying momentum.
๐ Conclusion:
ETHUSDT is gaining bullish momentum, breaking through key resistance. Long trades in the $1895-$1905 range could offer a good risk-to-reward ratio. ๐ Watch for rejection near $1925 before deciding to hold longer