$ETH — DECISION ZONE ⚠️
Ethereum (ETH) recently flushed below its rising channel, shaking out weak hands. It then found strong demand in the $2,750–$2,850 zone, with buyers aggressively defending this area, leading to a quick bounce.
Price action currently remains corrective. However, a key observation is that if $ETH reclaims its old channel and resistance, momentum could flip bullish quickly.
This is a setup requiring confirmation; avoid chasing the price.
**Trading Plan — $ETH (LONG ONLY)** 📈
* **Entry:** 2,880 – 2,920 (upon reclaim & hold)
* **SL:** 2,830
* **TP1:** 3,050
* **TP2:** 3,200
**Why Consider a Long?** 🤔
* Demand has already been proven at the $2,750–$2,850 range.
* Reclaiming the broken channel would signal a significant structure flip.
* Upside potential opens rapidly once resistance converts into support.
No reclaim, no trade. Let ETH clearly prove its strength before committing to any position.
(ETHUSDT)
