Chart Analysis & Trade Setup for $ETH ETH/USDT

Technical Overview:

Price: $2,629.71 (+3.05%)

Chart Pattern: Potential Ascending Triangle breakout in progress.

Trend: #ETH is showing strong bullish momentum after bouncing off a higher low around $2,350.

Key Observations:

Support & Resistance:

Major support around $2,350–$2,400

Strong horizontal resistance near $2,700, tested multiple times.

Structure:

Clear higher lows forming an ascending triangle pattern.

Previous Peak Profit Zone tagged at ~$2,800.

Possible bullish continuation if price breaks and sustains above $2,700.

Indicators:

Price is trending above the green EMA line (indicative of short-term bullish bias).

Good volume and momentum on the latest green candles.

Trade Setup:

Entry: Above $2,700 breakout confirmation (candle close above resistance with volume)

Stop Loss: Below last higher low at $2,480–$2,500

Target 1: $2,850

Target 2: $2,950–3,000 (if momentum continues)

Bias: Bullish, as long as price maintains higher lows and breaks above $2,700.

Trade Here on $ETH