Ethereum
Long

Ethereum (ETH/USD) – Potential Breakout from Range Towards $2,50

224
📊 Chart Insights:

ETH/USD is currently ranging near the $1,950 zone, following a consolidation phase.
A strong resistance zone is visible between $2,302 - $2,527, which has historically acted as a rejection point.
Support levels are established around $1,824 - $1,909, forming a strong base for price action.
A breakout above the current range could signal a bullish move toward the $2,302 resistance level, with a further target at $2,527.
📈 Trading Plan:
✅ Entry: Buy above $1,966 on confirmation of breakout.
🎯 Targets: $2,302 and $2,527 for profit-taking.
❌ Stop Loss: Below $1,909 to manage risk.
📉 Bearish Scenario: If ETH fails to hold $1,909, a retest of $1,824 is possible.

🔥 Ethereum could see a strong rally if momentum builds above resistance! Are you ready?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.