$ETH /USDT TRADE SETUP & ANALYSIS

Long Entry: On neckline breakout around $2,725

Target: $2,850+ (next resistance zone)

Stop Loss: Below support ~$2,600

🔍 Pattern Identified: Inverse Head and Shoulders

H (Head) and L (Shoulders) are marked.

Classic reversal pattern, usually signals a bullish breakout.

Neckline breakout has occurred, confirming the pattern.

📊 Key Technical Indicators & Price Action

Current Price: $2,738.91 #ETH

Sell/Buy Spread: $2,720.49 (Sell) / $2,720.50 (Buy)

Trend Line Support: Sloping upward — shows strong bullish trend.

Moving Averages:

Green Line: Likely short-term EMA – currently acting as dynamic support.

Red Line: Possibly a longer EMA – recent cross-over is bullish.

Indicates massive ROI if trade was entered near bottom support.

🔧 Support & Resistance Levels

Immediate Resistance: $2,800 (just tested)

Support:

$2,610.39 (EMA support)

$2,450 region (previous horizontal support from L

Risk-Reward Ratio: Favorable due to breakout confirmation

✅ Conclusion

Bullish breakout confirmed from an Inverse Head and Shoulders. Price action, volume, and trend alignment all point to further upside if price holds above the neckline. Ideal for swing or short-term momentum trades.

Trade $ETH