$ETH /USDT is currently trading around 2,957 on the 4H timeframe, consolidating after a recovery from the recent dip. Price is holding above a key short-term support zone, suggesting a potential continuation move if buyers maintain strength.
Entry Zone:
2,950 – 2,915 (look for price to hold and show stability within this support area)
Stop-Loss:
2,885 (below the recent swing low and structure support to control risk)
Take-Profit Targets:
TP1: 3,000 (psychological level and immediate resistance)
TP2: 3,060 (previous reaction zone on the 4H chart)
TP3: 3,120 (extended target if bullish momentum accelerates)
This setup favors a cautious bullish continuation as long as ETH remains above the entry zone. Consider taking partial profits at TP1 and adjusting the stop-loss to breakeven once price confirms upward momentum. Proper risk management is essential in current market conditions.
