๐ ETH Long Setup in Focus ๐
Trading Plan:
Bias: Long
Entry: 3,060 - 3,120
SL: 2,890
TP1โTP3: 3,350 / 3,500 / 3,800
Technical Analysis:
The daily chart for Ethereum shows a potential bottoming formation after a period of decline. The price is currently consolidating and has found strong support near the lower Bollinger Band around the 2,900 level. The primary bullish thesis is a breakout from this consolidation range. A key confirmation signal would be a decisive daily close above the middle Bollinger Band (approx. 3,060), which has been acting as dynamic resistance. A successful break above this level would indicate a shift in momentum and suggest a continuation towards higher resistance zones.
Invalidation:
Only a break and daily close below the support level of 2,890 would invalidate this bullish trading plan.
