Ethereum H4 | Potential bullish breakoutEthereum (ETH/USD) is rising towards a potential breakout level and could make a bullish continuation towards our take-profit target.
Entry: 3,653.08
Why we like it:
There is a potential breakout level ( wait for 1-hour candle to close above 3,653.08 for breakout confirmation )
Stop Loss: 3,412.92
Why we like it:
There is an overlap support that sits under the 61.8% Fibonacci retracement level
Take Profit: 3,900.44
Why we like it:
There is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level
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