Ethereum (ETH/USD) on the daily timeframe,
Chart Analysis:
• Current Price: 1,944.2 USD (as shown in the top bar).
• Support Zone: 1,751 - 1,973 USD (marked as “ENTRY ZONE” in green).
• Resistance Levels:
• 2,751.3
• 2,991.7
• 3,219.5
• 3,523.2
• 3,997.7
• 4,004.0
• Chart Pattern:
• The price has dropped to a strong support zone (ENTRY ZONE).
• Multiple rejections at higher levels are marked with green circles.
• A bullish recovery scenario is projected, showing potential price movement toward 4,000+ USD.
Potential Trading Plan:
• Buy Zone: Around the green “ENTRY ZONE”.
• Target Levels: 2,750 -> 3,200 -> 3,800 -> 4,000 USD.
• Stop Loss: Below the ENTRY ZONE.
This analysis suggests a potential bullish recovery. Are you considering trading this setup?
Chart Analysis:
• Current Price: 1,944.2 USD (as shown in the top bar).
• Support Zone: 1,751 - 1,973 USD (marked as “ENTRY ZONE” in green).
• Resistance Levels:
• 2,751.3
• 2,991.7
• 3,219.5
• 3,523.2
• 3,997.7
• 4,004.0
• Chart Pattern:
• The price has dropped to a strong support zone (ENTRY ZONE).
• Multiple rejections at higher levels are marked with green circles.
• A bullish recovery scenario is projected, showing potential price movement toward 4,000+ USD.
Potential Trading Plan:
• Buy Zone: Around the green “ENTRY ZONE”.
• Target Levels: 2,750 -> 3,200 -> 3,800 -> 4,000 USD.
• Stop Loss: Below the ENTRY ZONE.
This analysis suggests a potential bullish recovery. Are you considering trading this setup?
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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.