$ETH

ETH has been consolidating just above a key support zone around $3,050 after rejecting the $3,200 resistance. With decreasing volatility and volume tightening, I could see a breakout soon. Momentum indicators are neutral but leaning bullish.

Trade Idea:

Entry Zone: $3,080 – $3,100 (on confirmation of upward momentum)

Target 1: $3,180

Target 2: $3,250 (if breakout confirms with volume)

Stop Loss: $3,020 (below recent support)

Risk/Reward: ~1:2+

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Notes:

This setup is ideal if ETH holds above $3,050 and breaks above $3,120 with strong volume. Avoid entering during sideways chop—wait for breakout confirmation. Monitor BTC correlation.