Ethereum ($ETH ) is proving once again why technical structure is king. After a period of tight consolidation, the bulls have officially taken the wheel, pushing ETH higher with impressive momentum. If you’ve been following the key levels, this move was a textbook setup.
The current price action shows that buyers are firmly in control, respecting the market structure and turning previous resistance into new support.
The Trade Setup: Key Levels to Watch
For those looking to ride this bullish wave, here is the breakdown of the current trade structure. Remember to manage your risk and take partial profits as we hit these milestones.
| Category | Level |
|---|---|
| Entry Zone | 3000 – 3050 |
| Target 1 (TP1) | 3150 |
| Target 2 (TP2) | 3250 |
| Target 3 (TP3) | 3400 |
| Stop-Loss | 2920 |
Why This Move Matters
The recent breakout isn't just a fluke; it's a sign of trend continuation. By staying bullish above the 3000 entry zone, Ethereum is signaling that the consolidation phase was merely a "pit stop" before the next leg up.
Pro Tip: Don't get greedy. The trend is your friend, but the market moves in waves. Scaling out at TP1 and TP2 allows you to lock in gains while keeping a "runner" active for that 3400 moonshot.
Key Takeaways for ETH Traders:
* Structure is Respected: The clean bounce off the support levels confirms high buyer interest.
* Momentum is Strong: The breakout is backed by volume, suggesting the move has legs.
* Risk Management: Keeping a stop-loss at 2920 protects your capital in case of a sudden market shift.
Are you riding this ETH pump or waiting for a retest? Let's see if we hit TP3 by the end of the week!
