ETH Trading Strategy Analysis
Trend:

ETH is currently in a clear uptrend channel, formed from the beginning of 2023. This indicates that the main trend of ETH is bullish in the long term.

Support Zone:

Currently, the price of ETH is trading around $2,450.

Trading Strategy:

Entry Point: Consider opening a long position on ETH at the current price of $2,450.
Stop-Loss: Set a stop-loss order at $2,100 to limit risk if the price breaks below the ascending channel.
Take-Profit: To achieve a profit 4 times the stop-loss amount, we need to determine an appropriate take-profit target.

Specific example with a capital of $10,000:

Buy price: $2,450
Amount of ETH: 10,000 / 2,450 = 4.08 ETH
Stop-loss: $2,100
Maximum loss when stopped out: (2,450 - 2,100) x 4.08 = $1,428
Take-profit target to achieve 4X compared to the stop-loss level: 2,450 + (1,428 x 4) / 4.08 = $3,850

Therefore, with a capital of $10,000, if buying ETH at $2,450 and setting a stop-loss at $2,100, the investor will lose a maximum of $1,428 if stopped out. To achieve a profit 4 times the stop-loss level (i.e., $5,712), the ETH price needs to reach the target of $3,850.

Analysis:

The target of $3,850 is entirely feasible when observing the ETH price chart. The price has surpassed this price level in 2024 and is currently on a recovery trend.

The Risk/Reward ratio (R/R) in this case is 1,428 / 5,712 = 1/4. This is a very attractive R/R ratio, indicating that the potential profit is much higher than the risk.