$ETH analysis and Trade Setup 🚨

📈 Potential Trade Setup

If ETH faces rejection at $3,366 and begins to show bearish signals, this could indicate a short entry. Conversely, if ETH breaks through and holds above $3,366, a long entry might be viable.

Short Setup (Rejection Scenario):

📍 Entry Zone: Near $3,366 (if bearish rejection is observed)

🎯 Target (TP): $3,245 – Previous support

🛑 Stop-Loss (SL): $3,380 – Slightly above resistance to manage risk

Long Setup (Breakout Scenario):

📍 Entry Zone: Above $3,370 (after confirmation of a bullish breakout)

🎯 Target (TP): $3,450 – Next resistance zone

🛑 Stop-Loss (SL): $3,345 – Just below resistance to minimize loss

Current Price: $3,318
Timeframe: 15-minute chart

🔎 Chart Analysis

ETH has rebounded strongly from support levels around $3,200 and is pushing upwards towards resistance near $3,366.78. The current trend is showing momentum but is approaching a key resistance zone, which may present an opportunity for a reversal or a breakout.

Key Levels:

Support: $3,245Resistance: $3,366 – $3,450

Observe for price action around the resistance level. A breakout or rejection will clarify the trade direction.#ETH🔥🔥🔥🔥