> Ethereum is Showing Strength from a Key Support Zone – Ready for a Bullish Reversal?
ETH/USD has pulled back into a high-demand zone ($2440–$2450) which has previously acted as a strong base for bullish moves. Current market structure suggests a potential rebound, with a solid risk-reward profile.
Trade Setup:
Entry: $2560 (Current Market Price)
Stop Loss: $2441 (just below the support base)
Take Profit 1: $2698
Take Profit 2: $2933
Technical Insights:
Strong support zone marked with historical demand
Recent selling pressure is weakening, signaling potential reversal
Bullish volume clusters forming at key levels
Favorable risk/reward ratio of over 3:1
Strategy Note:
A clean break below $2440 invalidates this setup. If the support holds, a strong impulse wave toward $2700 and beyond is highly probable.
Trade Confidence: 75% based on confluence of price action, volume profile, and market structure.
Let’s hear your thoughts:
Are you riding this move or waiting for confirmation?
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Disclaimer: This is not financial advice. Please do your own research before trading.
#Ethereum #ETHUSD #CryptoTrading #TechnicalAnalysis #PriceAction