$ETH

๐Ÿ“… ETH/USD Daily Trade Setup (as of June 29, 2025)

๐ŸŽฏ Strategy: Support Bounce + Bullish Continuation (Higher Low Forming)

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๐Ÿ“ Current Price: ~$2,430

Price is forming a potential higher low above the strong confluence support (~$2,185) and trying to reclaim bullish momentum.

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โœ… LONG Setup (Bullish Bias)

๐Ÿ›’ Entry Zone:

Ideal Buy Range: $2,400 โ€“ $2,450 (wait for a strong green daily candle to confirm strength)

๐Ÿ›ก๏ธ Stop-Loss:

Below is the most recent swing low or invalidation level

Suggested SL: $2,170 (below both daily structure + weekly trendline)

๐ŸŽฏ Take Profit Targets:

1. TP1: $2,680 โ€“ recent local high / resistance

2. TP2: $2,950 โ€“ psychological resistance zone

3. TP3: $3,250 โ€“ major breakout target

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โš–๏ธ Risk-Reward Ratio (approx.):

Risk: ~$230 per ETH (from $2,400 entry to $2,170 SL)

Reward to TP1: ~$280 โ†’ RR = 1.2:1

Reward to TP2: ~$550 โ†’ RR = 2.4:1

Reward to TP3: ~$850 โ†’ RR = 3.7:1

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๐Ÿ” Confluence Factors:

Holding above ascending trendline

Support at $2,185 aligning with previous demand zone

MACD histogram on daily likely crossing into positive soon

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๐Ÿงจ Invalidation:

A daily close below $2,170 would invalidate this setup and favor a deeper correction toward $2,000โ€“$1,850.

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๐Ÿ“‰ Alternative Short Setup (if breakdown occurs):

If ETH closes below $2,170, consider:

Short Entry: $2,150โ€“$2,170

TP: $1,950 โ†’ $1,800

SL: $2,250

RR: Around 2.5:1