#StaySAFU Ethereum (ETH) 30-Minute Chart Trade Setup

The ETH/USDT chart is displaying a well-defined technical structure with key levels and patterns in play. Here’s a breakdown of the trade setup:

1. Trend Analysis:

• Uptrend: Support level at $1553.33, showing strong trendline strength (3.23/Strong) with an angle of 16°. This suggests bullish potential if prices hold above this level.

• Downtrend: Resistance level at $1611.39, with a trendline strength of 3.5/Strong and an angle of 10°. This resistance marks a key zone for potential rejection.

2. Harmonic Pattern:

• A White Swan harmonic pattern is visible, indicating potential reversal zones. The pattern suggests possible price movement from point D, with bullish or bearish opportunities depending on breakout direction.

3. Support & Resistance Zones:

• Key Support Zone: $1553.33. A bounce from this level could signal bullish momentum toward the resistance.

• Key Resistance Zone: $1611.39. A break above this level would confirm a continuation of the bullish trend.

4. Sideways Trend on Higher Timeframes:

• On 50-200 bars, the trend is sideways with slight bullish inclination (+1° to +5°). This indicates consolidation within a defined range.

5. Entry & Stop-Loss:

• Long Position: Entry around $1557.7, targeting $1674.97, with a stop-loss at $1449.77.

• Short Position: Entry near $1592.22, targeting $1478.93, with a stop-loss at $1620.85.

6. Conclusion:

• The chart highlights a crucial decision zone between $1553.33 and $1611.39. Traders should monitor for breakout confirmation before entering positions.

• Patience is key, as sideways movement suggests a potential breakout on either side.#eth $ETH