Ethereum Trade Execution $ETH
Trade Type: Long (Buy)$ETH
Entry Details:
Entry Price: $1,892
Stop-Loss (SL): $1,850
Take-Profit (TP): $1,990
Analysis & Execution:
Ethereum is in a medium-to-long-term falling trend, showing pessimism among investors.
No significant support levels exist, so further declines are possible.
Resistance is at $2,230, but $1,990 is a reasonable TP for a short-term rebound.
Negative volume balance suggests selling pressure dominates.
Risk Management:
Risk per trade: $42 per ETH (1,892 - 1,850)
Potential reward: $98 per ETH (1,990 - 1,892)
Risk/Reward Ratio: 1:2.33 (Good trade setup)
Trade Execution:
Buy Ethereum at $1,892
Set Stop-Loss at $1,850
Set Take-Profit at $1,990
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