Ethereum (ETH)
Entry Point: Buy $2,350–$2,400
Stop Loss: $2,300
Profit Target: $2,800–$2,900
Strong support at levels of $2,350
Over the past few days, this area has proven to be a solid barrier preventing declines, with buying recurring at this price, indicating increasing demand.
2️⃣ Positive Technical Indicators
Relative Strength Index (RSI) at levels 40-45, meaning that the price is not in the oversold area, signaling a bullish opportunity.
Positive crossover of moving averages (50-day crosses above 200-day), a classic signal for a continuation of the upward trend.
3️⃣ Technical Pattern - Cup and Handle
The charts show a classic pattern that attracts buyers, as this pattern precedes a strong price breakout.
4️⃣ Increasing Trading Volume
Trading volume has increased in recent trading sessions, indicating the entry of new liquidity that strengthens the upward trend.