Trade Setup for
$ETH 🚀📈:
📊 Analysis:
- 📈 Trend: Neutral (Med-Term), Uptrend (Short/Long-Term).
- ⚖️ Momentum: Mixed (Bullish MACD, Neutral RSI).
- ⚔️ Support/Resistance: $2,150, $2,000 (Support); $2,400 (Prev. Support), $2,750 (Resistance).
🔄 Price Action:
- Uptrend post Sideways Channel breakout.
- +13% surge to $2,750, met with profit-taking.
📈 Scenarios:
1. Break above $2,400:
- Signal of uptrend continuation.
- 🚀 Upside: +13% to $2,750.
2. Pullback near $2,150:
- Uptrend entry opportunity.
- 🚀 Upside: +12% to $2,400.
- 🚨 Alert: Set for breakout/pullback.
🚀 Catalyst:
- Ethereum Spot ETF launch (May 2024).
📚 Research:
- Explore related altcoins per our research report.
🔍 Insight:
- Ethereum poised for potential gains.
- Manage risk and stay informed.
Trade wisely! 🌐💹
#ETH #Ethereum #CryptoTrading #BullishSetup