EthereumPoW ($ETHW ) demonstrates a confident rebound from the lower support zone, opening up opportunities for trading the cryptocurrency ETHW. On the 4H chart, the price consolidates above key levels, creating conditions for growth and short-term investments.
Technical analysis$ETHW
At the current stage, ETHW price is testing the demand zone of 0.525 – 0.545. A confident rebound confirms the strength of support and increases the likelihood of continuing the upward movement. Volumes are gradually increasing, and momentum indicates the formation of a bullish trend. Technical analysis of ETHW shows that the nearest resistance levels could become targets for traders and investors.
Entry zone and trading plan
Optimal entry zone: 0.525 – 0.545
This area is suitable for safely opening a position in ETHW while adhering to risk management. Holding current levels may lead to growth towards the nearest target marks.
Profit targets (TP)
TP1: 0.575 — nearest resistance $ETHW
TP2: 0.610 — level of previous consolidation
TP3: 0.650 — extended target when bullish momentum strengthens
Risk management
Stop-loss: 0.498
It is recommended to set the stop below the support zone to minimize potential losses in case of a trend change.
Summary and forecast for ETHW
ETHW looks attractive for short-term trading and investment in cryptocurrency. Confirmation of holding the current support zone may signal further growth. The forecast for ETHW in the near term shows positive prospects while following risk management rules.
The material is analytical in nature and is not a financial recommendation.
