Trade Signal
Entry 1: $3,915 (Current zone - for continuation if it holds)
Entry 2: $3,900 (Buy on pullback towards the middle band)
Take-Profit Levels:
TP1: $3,930
TP2: $3,950
TP3: $3,970
TP4: $3,990
Stop-Loss: $3,750 (Below recent support)
Why This Trade?
Ethereum has demonstrated robust bullish momentum, decisively breaking through key resistance levels. It is currently consolidating near recent highs, signaling a healthy pause that supports further upside potential. As long as ETH remains above $3,900, buyers maintain control, and the bullish trend is likely to resume following this consolidation phase.
Support & Resistance Levels
Support: $3,900 | $3,880 | $3,860
Resistance: $3,930 | $3,950 | $3,970
Market Update for ETH
Ethereum continues to exhibit strong bullish momentum, reaching new short-term highs backed by significant trading volume. The asset is currently in a minor consolidation phase following its recent rally. Market sentiment remains highly positive, with traders anticipating a continuation of the uptrend as long as key support levels hold.
#Ethereum #ETH #CryptoTradingInsights
