### Ethereum/USDT (ETHUSDT) Long Setup: Time to Ride the Bullish Wave!
Based on the current 1-hour chart for $ETH , here’s a promising long setup:
1. **Support Level (1)**: The price has found strong support around $2,516.54, aligning with a previous low, indicating a potential bounce.
2. **Resistance Break (2)**: A breakout above the $2,534.30 level suggests bullish momentum.
3. **Consolidation Zone (3)**: The price is consolidating between $2,534.30 and $2,631.74, forming a bullish flag pattern.
4. **Target Zone (4)**: Aim for a move towards $2,601.86, with a potential extension to $2,680.00 if momentum holds.
5. **Green Zone (5)**: The current price action within the $2,597.73 - $2,631.74 range is a buy opportunity, with a stop loss below $2,516.54 for risk management.
**Entry Strategy**: Enter long at the current price (~$2,513.75) or on a confirmed break above $2,534.30.
**Take Profit**: Set targets at $2,601.86 and $2,680.00.
**Stop Loss**: Place below $2,516.54 to protect against a reversal.
If you agree with this analysis, give it a like and drop your comments below! Don’t forget to follow for the latest updates.
*Posted on Binance Square*
