ETH/USD is respecting a support trendline and forming higher lows. Price is currently consolidating near the trendline support, suggesting potential for a bullish reversal. The projected move targets the \$2,882.5 resistance level. A strong bounce from the \$2,436–\$2,296 support zone could trigger the next upward impulse.
Here is a proper Take Profit (TP) and Stop Loss (SL) setup based on the chart:
Entry Zone: Around \$2,436–\$2,460 (near support trendline)
Take Profit (TP):
TP1: \$2,650
TP2: \$2,750
TP3 (final target): \$2,882.5
Stop Loss (SL): Below the trendline and last swing low
SL: \$2,296
This setup offers a favorable risk-to-reward ratio if the price respects the trendline and resumes upward momentum.
Here is a proper Take Profit (TP) and Stop Loss (SL) setup based on the chart:
Entry Zone: Around \$2,436–\$2,460 (near support trendline)
Take Profit (TP):
TP1: \$2,650
TP2: \$2,750
TP3 (final target): \$2,882.5
Stop Loss (SL): Below the trendline and last swing low
SL: \$2,296
This setup offers a favorable risk-to-reward ratio if the price respects the trendline and resumes upward momentum.
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
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.