๐ Trading Setup: Ethereum $ETH
Market Sentiment: Bullish ๐
Ethereum is currently forming a strong Ascending Triangle pattern. If it breaks through the major resistance zone, we could see a significant breakout.
๐ Technical Levels:
Entry Zone: $2,550 - $2,600 (Around Current Market Price)
Target 1: $2,750 (Short term)
Target 2: $2,900 (Mid term)
Target 3: $3,100 (Moon bag)
Stop Loss: $2,420 (Essential for risk management)
๐ก Why trade ETH now?
Support Hold: ETH has created good support at its key moving averages.
RSI Divergence: Bullish divergence is visible on the 4H chart.
Low Exchange Supply: People are holding ETH, not selling.