Trade Setup (Focus: Ethereum & Altcoins)

Headline: ⚡️ Trade Setup: Is Ethereum (ETH) Ready for a Bounce?

Despite the broader market slump, Ethereum is showing a bit more resilience compared to its peers, holding steady above the psychological $2,000 mark.

Technical Analysis (TA):

Support: Strong multi-year trendline support at $1,800 - $2,000.

Resistance: Immediate resistance at $2,150 (50-day MA).

Indicator: RSI is approaching oversold territory on the 4H timeframe.

Trade Idea:

Entry: $2,010 - $2,040

Target 1: $2,150

Target 2: $2,300 (If the "Glamsterdam" upgrade narrative gains steam)

Stop Loss: $1,890 (Below recent wick lows)

⚠️ Not financial advice. Always manage your risk.

#Ethereum #ETH #TradingSignals #Altcoins #TechnicalAnalysis