📈 $ETH Long Trade Signal 🚀
Technical Overview:
$ETH is exhibiting strong bullish momentum, recovering from its recent dip and forming higher lows on the 1H chart. The price is consolidating around $3,400, preparing for a potential breakout above $3,450.
Key Levels to Watch:
Immediate Resistance: $3,450
Major Resistance: $3,520
Support Levels: $3,350 and $3,300
Trade Setup:
Long Entry: Above $3,410 (breakout confirmation)
Target Levels:
TP1: $3,450
TP2: $3,520
TP3: $3,600
Stop-Loss: Below $3,350
Risk Management:
Use your stop-loss in case of unexpected pullbacks, maintaining a risk-reward ratio of at least 1:2.
Market Sentiment:
ETH is showing a bullish trend, with buyers in control near key support levels. A breakout above $3,450 could lead to a strong rally towards $3,520 or higher. This setup is ideal for short-term and swing traders!