$ETH BULLISH BREAKOUT ANALYSIS ā POTENTIAL RALLY INCOMING!
š Current Price: $2,630
š 24h Change: +3.16%
šµ Volume (24h): 533,626 ETH / $1.38B USDT
š Exchange: Binance
š KEY LEVELS TO WATCH:
Immediate Support: $2,600
Major Support: $2,500 (psychological + historical bounce zone)
Immediate Resistance: $2,700
Major Resistance: $2,800 ā $2,900 (Break above here may trigger rapid upside momentum)
š CHART STRUCTURE & OUTLOOK:
ETH is showing strong bullish momentum after bouncing from the $2,492 low. The price has broken above the 4H MA(50) and is currently testing the $2,630 resistance zone. Increased volume suggests accumulation, with bulls pushing price toward $2,700ā2,800, a crucial breakout area.
š TRADE SETUP ā LONG IDEA
Entry: $2,630 ā $2,645 (on bullish confirmation or candle close above $2,630)
Take Profit 1 (TP1): $2,700
Take Profit 2 (TP2): $2,800
Take Profit 3 (TP3): $2,900
Stop Loss (SL): $2,580 (below short-term support)
š”ļø RISK MANAGEMENT:
Risk only 1-2% of your capital on this trade. Consider partial profit-taking at TP1 to secure gains and reduce exposure. Maintain tight SL to guard against unexpected reversals.
š¢ Conclusion: ETH is attempting a bullish breakout with increasing volume and solid structure. A successful hold above $2,630 opens the door for a test of the $2,800ā$2,900 range in the short term. Stay alert for volume spikes and confirmation candles.
š Trade safe, manage your risk, and let the trend be your friend!
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