🧠 Trade Idea
Ethereum has pulled back sharply after testing resistance at the $2,869–$2,906 zone. The current price around $2,527 shows signs of stabilizing just above previous demand ($2,444–$2,368), offering a potential long opportunity with clearly defined risk and multiple upside targets.
🎯 Trade Setup
Entry: $2,527.41 (market)
Stop Loss: $2,368.86 (below recent demand wick)
Take Profit Targets:
TP1: $2,641.16 (initial reaction level)
TP2: $2,752.67 (local high)
TP3: $2,869.37 (supply zone)
TP4: $3,024.97 (major resistance)
Extended TP: $3,107.96–$3,196.80 (macro trendline retest)
Ethereum has pulled back sharply after testing resistance at the $2,869–$2,906 zone. The current price around $2,527 shows signs of stabilizing just above previous demand ($2,444–$2,368), offering a potential long opportunity with clearly defined risk and multiple upside targets.
🎯 Trade Setup
Entry: $2,527.41 (market)
Stop Loss: $2,368.86 (below recent demand wick)
Take Profit Targets:
TP1: $2,641.16 (initial reaction level)
TP2: $2,752.67 (local high)
TP3: $2,869.37 (supply zone)
TP4: $3,024.97 (major resistance)
Extended TP: $3,107.96–$3,196.80 (macro trendline retest)
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.
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.