After a clean downtrend with lower highs and lower lows, ETH has just printed a clear local reversal from the previous demand zone around $2 480–$2 510.
Price-action shows us a rounded bottom, that is holding above the 0.5 Fib from the previous pump.
We now see:
✅ Break of structure on the lower timeframes (check 15m)
✅ Price reclaiming 20/50 EMA with increasing volume
✅ Strong green engulfing candle, coming before momentum shift
✅ Stop hunter candle below support and quick recovery aka retest.
Trade Idea:
If ETH holds above $2510–$2520, we may see a strong move toward the next supply zone near $2750–$2780.
Entry: $2520–$2530
Stop-loss: Below $2440 (or around $2400 for safer invalidation below Fib 0.5)
Targets:
• TP1: $2666
• TP2: $2720
• TP3: $2770
🟩 Watch for confirmation with a candle close above $2540 + volume spike.
🟥 Cancel if price loses $2480 local support zone.
Price-action shows us a rounded bottom, that is holding above the 0.5 Fib from the previous pump.
We now see:
✅ Break of structure on the lower timeframes (check 15m)
✅ Price reclaiming 20/50 EMA with increasing volume
✅ Strong green engulfing candle, coming before momentum shift
✅ Stop hunter candle below support and quick recovery aka retest.
Trade Idea:
If ETH holds above $2510–$2520, we may see a strong move toward the next supply zone near $2750–$2780.
Entry: $2520–$2530
Stop-loss: Below $2440 (or around $2400 for safer invalidation below Fib 0.5)
Targets:
• TP1: $2666
• TP2: $2720
• TP3: $2770
🟩 Watch for confirmation with a candle close above $2540 + volume spike.
🟥 Cancel if price loses $2480 local support zone.
Trade active
TP1 is almost there, you can close trade fully within 2650, or you can close 40% of the trade and move SL to BE (entry point).Note
Original TP1 was reached, recent high 2679.88.We could see one more spike, but afterwards correction is possible.
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.