🚀 $ETH /USDT – Bullish Breakout Incoming! 🔥
Current Price: $2,001.00 (+1.03%)
Market Structure & Insights:
Bullish market structure remains intact with multiple Breaks of Structure (BOS) and a recent CHoCH signaling momentum reversal back to the upside.
Price tapped into a demand zone around $1,978 and sharply reacted upward, filling fair value gaps (FVGs) along the way.
A strong bullish candle reclaimed the trendline and is now consolidating above it.
Entry Zone: $1,990 – $2,000
Stop Loss: $1,969
Target (TP): $2,025
Fair Value Gaps: Multiple FVGs below price have already been respected, indicating strength in the move. If price retraces, these can serve as short-term support/re-entry zones.
Pro Tip:
If price breaks above $2,010 with momentum, the next leg toward $2,050+ may trigger quickly. Watch volume closely and trail stops to lock in gains.
2,002.24
+0.61%
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