Ethereum (ETH/USD) - Potential Breakout from Range
Chart Overview:
The price of Ethereum (ETH/USD) has been consolidating within a range after breaking out of a long-term downtrend channel.
A strong support level is identified around $1,852, which has been holding the price steady.
A resistance zone near $2,076 is acting as a short-term barrier for upward movement.
Trading Idea:
If ETH successfully breaks above the range, it may trigger a bullish move towards $2,539 and potentially $2,854.
Entry Strategy: Wait for a confirmed breakout above $2,076 with strong volume.
Stop-Loss: Below $1,852 to minimize risk.
Market Sentiment:
ETH/USD is showing signs of accumulation, and a breakout could signal a new bullish trend.
Chart Overview:
The price of Ethereum (ETH/USD) has been consolidating within a range after breaking out of a long-term downtrend channel.
A strong support level is identified around $1,852, which has been holding the price steady.
A resistance zone near $2,076 is acting as a short-term barrier for upward movement.
Trading Idea:
If ETH successfully breaks above the range, it may trigger a bullish move towards $2,539 and potentially $2,854.
Entry Strategy: Wait for a confirmed breakout above $2,076 with strong volume.
Stop-Loss: Below $1,852 to minimize risk.
Market Sentiment:
ETH/USD is showing signs of accumulation, and a breakout could signal a new bullish trend.
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🌹 Is Trading Just a Casino? 💔
❌ NO!
✅ You CAN and SHOULD make money in trading!
Join me, and I'll help you become a profitable trader 💵🚀
Join Me On TG: t.me/Pipsoptimizer
Free Signals: t.me/Pipsoptimizer
❌ NO!
✅ You CAN and SHOULD make money in trading!
Join me, and I'll help you become a profitable trader 💵🚀
Join Me On TG: t.me/Pipsoptimizer
Free Signals: t.me/Pipsoptimizer
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.