🔥🔥Trade of the Week 🔥🔥
Date: May 9, 2025
Market: Cryptocurrency
Asset: Ethereum (ETH)
Trade Setup:
Entry: $2,940
Take Profit (Target): $3,150
Stop Loss: $2,880
Leverage (optional): 3x – 5x
Technical Analysis:
Ethereum has held strongly above the 200 EMA, signaling a continuation of the bullish trend. The MACD histogram is increasing, and the MACD line remains above the signal line—indicating positive momentum. RSI is currently around 61, suggesting room for further upward movement before entering the overbought zone.
Additionally, ETH is forming higher highs and higher lows on the 4H chart, further confirming bullish structure.
Fundamental Catalyst:
Increased DeFi activity this week
ETH ETF rumors gaining traction
ETH 2.0 staking updates and L2 scaling solutions driving long-term demand
Strategy Notes:
Use proper position sizing (1–2% of your account risk)
Monitor BTC movement—ETH often follows Bitcoin's lead
Trail your stop once ETH crosses $3,050 to lock in profits
Avoid FOMO entries; wait for clean candle confirmations
