Coin name: $ETH

Eth will reach new " ATH "?👇

Here is a simple analysis and potential long setup for Ethereum (ETH/USDT):

Analysis:

1️⃣. Current Price ($3,493.64):

ETH is trading near a strong support zone within the rectangle (buy range) shown on the chart.

ETH has bounced from this support, signaling potential bullish momentum.

2️⃣. Chart Structure:

The price broke out of a symmetrical triangle (ascending trend) earlier and is retesting the breakout level, which is common before resuming upward.

This retest confirms the support area near $3,400–$3,500.

3️⃣. Potential Target ($4,800):

The green zone above indicates the expected bullish breakout move.

A 41% increase from the current price could take ETH to a new all-time high (ATH) near $4,800 if the momentum continues.

4️⃣. ETH/BTC Strength:

ETH outperforming BTC often signals altseason, meaning higher chances of ETH pushing for new highs.

5️⃣.Long Setup:

1. Entry (Buy Range):

Ideal buy zone: $3,400–$3,500 (current price is within range).

2. Stop Loss (SL):

Below the support zone at $3,200.

This minimizes risk in case the support breaks.

3. Take Profit (TP):

TP1: $3,800 (short-term resistance).

TP2: $4,200 (previous high).

TP3: $4,800 (new ATH).

4. Risk-to-Reward Ratio:

For a $100 risk, aim for at least $200–$400 profit (1:2 to 1:4 ratio).

6️⃣.Example Plan:

Capital: $1,000

Leverage: 5x (trade size = $5,000)

Risk: 2% of capital ($20 stop loss)

If ETH drops to $3,200, the loss is $20.

Reward: $40–$80

Target: $3,800 to $4,800.

Key Notes:

Monitor the breakout and volume; ETH needs strong buying pressure above $3,600 to continue upwards.

Watch ETH/BTC to confirm ETH dominance.

Avoid over-leveraging, as crypto can be volatile.

7️⃣. Find decisions:

1. ETH currently good buy Range. If you miss Btc at price $61000 don't miss this.

2. It's last chance for Ethereum.

3. If you have $100 open long position on Ethereum now.

4. Invest $20 with 20× Leverage

5. Tp: $4985 Sl: $3125 hold for 2 weeks or 1 month.

6. Trade now...$ETH 👇

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#ETH🔥🔥🔥🔥🔥🔥