🚨 ETH Update: Long Position Strategy — Be Cautious of Fakeouts!$ETH

Ethereum (ETH) traders, this one’s for those eyeing a long position — but before you jump in, let’s get some structure in place. While the market’s heating up, it’s essential to wait for clear confirmations before making any moves. Here’s a fresh breakdown of the current setup and key levels to watch out for.

📊 Key Trading Plan for ETH Long

👉 Stop Loss (S/L):

Max at $2,590

👉 Entry Zone:

Between $2,525 - $2,530

👉 Leverage:

No higher than x10 to manage risk effectively.

🎯 Take-Profit (TP) Targets

• First Target: $2,900

• Final Target: $3,000 – $3,100

These are realistic zones based on technical analysis — but only if conditions confirm.

🚀 Confirmation Levels to Watch

To avoid chasing fakeouts, these resistance levels need to be broken:

1. $2,560 — First resistance break, initial bullish signal.

2. $2,740 — Final resistance. If this level is cleared, it confirms an uptrend — no FOMO trades before this!

RSI should break above the 55 level on the hourly timeframe for extra confirmation.

Later, keep an eye on MACD for a golden cross — this will be the final indicator to suggest sustained upside momentum.

📉 Caution: Potential Risks

⚠️ If $2,600 breaks downward instead of up, it invalidates the bullish wave count scenario.

On the 12-hour chart, bearish divergence is forming, signaling long-term downside potential despite short-term bullish setups.

As of now, I am personally short in this trade — and while a long could work with a tight stop-loss, it remains a risky move under current conditions.

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📌 Final Thoughts

This strategy isn’t financial advice — it’s a technical roadmap for disciplined traders only. Risk management is key here. No chasing pumps, no emotional trades.

If ETH breaks out cleanly, it could enter the final 5th wave rally, but confirmation is everything.$ETH #ETHMarketWatch