📈 ETH/USD – Bullish Reversal from Key Demand Zone (4H)
Ethereum has approached a strong historical demand zone around the 2370–2400 area, showing signs of bullish rejection after a sharp corrective move. Price action suggests a potential bullish structure development, supported by volume confirmation.
🔍 Technical Overview:
✅ Rejection from Support Zone marked by previous price reactions.
✅ Formation of a potential W-bottom pattern, signaling a reversal.
✅ Buying pressure observed with increased volume near support.
🔻 Previous drop of ~5% may attract buyers seeking value entries.
🛠️ Trade Plan (For Educational Purposes):
> This setup is shared purely for analysis and learning. Please manage your risk accordingly.
Entry Area: Around 2470–2485
Stop Loss: 2373 (below structural support)
Take Profit 1: 2634
Take Profit 2: 2804
Risk-Reward Ratio: Favorable (1:2.5 to 1:4)
📌 Notes:
📊 If price confirms above the local resistance near 2530–2550, bullish continuation becomes more likely.
⛔ No signals or financial advice – purely an educational idea based on structure, support/resistance, and volume.
💬 Your Thoughts?
Do you agree with this bullish reversal idea? Share your view or let’s discuss further below! 👇
#Ethereum #ETHUSD #CryptoAnalysis #TradingView #PriceAction #SupportResistance #BullishSetup
Ethereum has approached a strong historical demand zone around the 2370–2400 area, showing signs of bullish rejection after a sharp corrective move. Price action suggests a potential bullish structure development, supported by volume confirmation.
🔍 Technical Overview:
✅ Rejection from Support Zone marked by previous price reactions.
✅ Formation of a potential W-bottom pattern, signaling a reversal.
✅ Buying pressure observed with increased volume near support.
🔻 Previous drop of ~5% may attract buyers seeking value entries.
🛠️ Trade Plan (For Educational Purposes):
> This setup is shared purely for analysis and learning. Please manage your risk accordingly.
Entry Area: Around 2470–2485
Stop Loss: 2373 (below structural support)
Take Profit 1: 2634
Take Profit 2: 2804
Risk-Reward Ratio: Favorable (1:2.5 to 1:4)
📌 Notes:
📊 If price confirms above the local resistance near 2530–2550, bullish continuation becomes more likely.
⛔ No signals or financial advice – purely an educational idea based on structure, support/resistance, and volume.
💬 Your Thoughts?
Do you agree with this bullish reversal idea? Share your view or let’s discuss further below! 👇
#Ethereum #ETHUSD #CryptoAnalysis #TradingView #PriceAction #SupportResistance #BullishSetup
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.