Based on the updated $ETH 🔥
/USDT weekly📊 chart:⬇️
1. Entry Point
Current Price: ~$2,495
ETH has had a strong rebound from $1,385, but now shows signs of stalling just under minor resistance.
Ideal Entry:
Aggressive: $2,450–$2,500 (current level)
Conservative: Wait for a retest and bounce above $2,400 support or a breakout above $2,550.
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2. Take Profit Levels
Looking at previous resistance zones:
TP1: $3,045 – nearest resistance from historical price action.
TP2: $3,645 – next key weekly level.
TP3: $4,107 – major top before the long downtrend.
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3. Stop Loss
To protect capital in case of reversal:
SL Option 1 (Tight): $2,300 – near recent breakout level.
SL Option 2 (Moderate): $2,150 – stronger support from April breakout.
SL Option 3 (Wide): $1,850 – bottom of last significant structure.
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4. Market Sentiment
Bullish in the short term:
Weekly candle structure is positive.
Strong bounce from $1,385 low with increasing volume.
30-day gain is +41.47%; strong short-term momentum.
Order book shows 97.15% buy-side interest – very bullish.
Still bearish in the long term:
1-year return is -33.16%, showing ETH remains in recovery.
Needs to reclaim $3,045 and $3,645 to confirm full trend reversal.
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Summary
Entry: $2,450–$2,500 (now), or breakout above $2,550
Take Profit:
TP1: $3,045
TP2: $3,645
TP3: $4,107
Stop Loss:
Tight: $2,300
Moderate: $2,150
Safe: $1,850
Sentiment: Short-term bullish, long-term cautious
Let me know if you want this turned into a trade plan or a risk/reward table.