Ethereum (ETHUSD) is setting up for a major directional move on the weekly chart, and all eyes are on the key breakout zone above $2,800. Let’s walk through the analysis behind this swing trade idea and map out the key risk and reward levels:
▶️ Technical Story at a Glance:
After months of downside, ETH has rebounded sharply off the $1,600 zone (clear weekly demand and high volume).
Price is now pressing right up against a thick supply (resistance) zone that includes the psychological and technical resistance at ~$2,800.
We’re seeing several bullish technical signals align right as price approaches a potential inflection point:
• Weekly MACD Bullish Cross – signaling that longer-term momentum is flipping.
• StochRSI and PSAR bullish – suggesting upside is in play, not overextended yet.
• Volume profile supportive – no blow-off on the move back, buying looks organic.
• Ichimoku/Cloud structure – if price can get a weekly close above the cloud (and $2,800–$2,900 zone), that could mark a regime change back to bullish.
▶️ The Trade Idea:
Plan: Enter long on a confirmed weekly close above $2,800, as that would represent a powerful technical breakout.
Targets:
Primary: $3,250 (previous major supply/POI zone and clear chart resistance).
Stretch: $4,100 for those who want to trail stops and ride a potential trend.
Stop Loss: Below $2,350 (recent structure support and under the cloud) for smart risk control.
Risk Management: Size positions so no more than 1–2% of equity is at risk on the setup.
▶️ Trade Management & Execution:
Wait for confirmation — patience here beats trading early! Set alerts for a weekly candle close above $2,800 and confirm bullish behavior in MACD and trending indicators. Once triggered, enter the long with your stops in place and aim for the first major target at $3,250. Take partial profits along the way and move your stop to breakeven if the move continues in your favor.
▶️ Why This Setup?
This setup aligns multiple timeframes and indicator signals for a high-conviction swing trade. The next major resistance is still a good distance away, giving bulls room to run, while clear invalidation ($2,350) allows for controlled losses if the thesis is proven wrong.
▶️ Key Levels Recap:
Entry: Weekly close above $2,800
Stop: $2,350
Targets: $3,250 (primary), $4,100 (stretch)
Keep a close eye on volume, candle closes, and confirm momentum before executing. If price fails at resistance, step aside and wait for a better opportunity. Always trade your own plan and manage risk!
▶️ Technical Story at a Glance:
After months of downside, ETH has rebounded sharply off the $1,600 zone (clear weekly demand and high volume).
Price is now pressing right up against a thick supply (resistance) zone that includes the psychological and technical resistance at ~$2,800.
We’re seeing several bullish technical signals align right as price approaches a potential inflection point:
• Weekly MACD Bullish Cross – signaling that longer-term momentum is flipping.
• StochRSI and PSAR bullish – suggesting upside is in play, not overextended yet.
• Volume profile supportive – no blow-off on the move back, buying looks organic.
• Ichimoku/Cloud structure – if price can get a weekly close above the cloud (and $2,800–$2,900 zone), that could mark a regime change back to bullish.
▶️ The Trade Idea:
Plan: Enter long on a confirmed weekly close above $2,800, as that would represent a powerful technical breakout.
Targets:
Primary: $3,250 (previous major supply/POI zone and clear chart resistance).
Stretch: $4,100 for those who want to trail stops and ride a potential trend.
Stop Loss: Below $2,350 (recent structure support and under the cloud) for smart risk control.
Risk Management: Size positions so no more than 1–2% of equity is at risk on the setup.
▶️ Trade Management & Execution:
Wait for confirmation — patience here beats trading early! Set alerts for a weekly candle close above $2,800 and confirm bullish behavior in MACD and trending indicators. Once triggered, enter the long with your stops in place and aim for the first major target at $3,250. Take partial profits along the way and move your stop to breakeven if the move continues in your favor.
▶️ Why This Setup?
This setup aligns multiple timeframes and indicator signals for a high-conviction swing trade. The next major resistance is still a good distance away, giving bulls room to run, while clear invalidation ($2,350) allows for controlled losses if the thesis is proven wrong.
▶️ Key Levels Recap:
Entry: Weekly close above $2,800
Stop: $2,350
Targets: $3,250 (primary), $4,100 (stretch)
Keep a close eye on volume, candle closes, and confirm momentum before executing. If price fails at resistance, step aside and wait for a better opportunity. Always trade your own plan and manage risk!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.