#ETG

💥 $ETH Showing Bullish Signs but Trading Within a Channel 🔥

⚡ Current Stats:

Price: $1,597.57 USDT

24H High: $1,613.48 USDT

24H Low: $1,579.09 USDT

⚡ Resistance Zone:

ETH is encountering resistance near $1,616.96 USDT, the recent peak on the chart. Sellers are active here, making it a key level to watch for a potential breakout.

⚡ Support Zone:

The support lies around $1,563.20 USDT, marking the lowest point on the chart. Buyers may defend this level to maintain price stability.

⚡ Technical Indicators:

The chart features MA, EMA, Bollinger Bands, Parabolic SAR, MACD, RSI, and KDJ.

Indicators reflect mixed momentum, with price action constrained within a channel defined by two parallel yellow lines.

⚡ Volume Insight:

24-hour trading volume: 193,635.50 ETH — indicating strong market participation.

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👉 Trade Setups

Breakout Trade (Bullish Bias):

Entry (Buy): Above $1,617.00 USDT on confirmed breakout with strong volume.

Stop Loss: Below $1,600.00 USDT

Targets:

🎯 TP1: $1,630.00 USDT

🎯 TP2: $1,650.00 USDT (if momentum holds)

Rejection Trade (Bearish Bias):

Entry (Sell): If price faces rejection at $1,616.96 USDT

Stop Loss: Above $1,620.00 USDT

Targets:

🎯 TP1: $1,580.00 USDT

🎯 TP2: $1,560.00 USDT