Ethereum (ETH/USD) – 4H BITSTAMP | Possible Breakout Setup
📊 Ethereum (ETH/USD) – 4H BITSTAMP | Potential Breakout Setup 🚀
🔴 Resistance Zone: $2,800 (Key breakout level)
🟢 Support Zone: $2,625 (Strong demand area)
📍 Current Price: $2,678.3 (-0.58%)
Ethereum is currently consolidating within a crucial price zone, where buyers and sellers are battling for control. This setup indicates a possible breakout that could define the next major move.
🚀 Trading Plan:
✅ Breakout Confirmation: If ETH breaks and closes above $2,800, a bullish rally is likely.
🎯 Target: $2,954 (Take Profit)
❌ Stop-Loss: Below $2,625
💡 Strategy: Wait for a confirmed breakout above $2,800 before entering. If this level is breached, buying pressure is expected to increase, potentially driving ETH higher.
📢 🚀 Will this be ETH’s next big move? Share your thoughts in the comments!
🔴 Resistance Zone: $2,800 (Key breakout level)
🟢 Support Zone: $2,625 (Strong demand area)
📍 Current Price: $2,678.3 (-0.58%)
Ethereum is currently consolidating within a crucial price zone, where buyers and sellers are battling for control. This setup indicates a possible breakout that could define the next major move.
🚀 Trading Plan:
✅ Breakout Confirmation: If ETH breaks and closes above $2,800, a bullish rally is likely.
🎯 Target: $2,954 (Take Profit)
❌ Stop-Loss: Below $2,625
💡 Strategy: Wait for a confirmed breakout above $2,800 before entering. If this level is breached, buying pressure is expected to increase, potentially driving ETH higher.
📢 🚀 Will this be ETH’s next big move? Share your thoughts in the comments!
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.