Coin name: $ETH
Eth will reach new " ATH "?๐
Here is a simple analysis and potential long setup for Ethereum (ETH/USDT):
Analysis:
1๏ธโฃ. 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.
2๏ธโฃ. 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 $3,400โ$3,500.
3๏ธโฃ. 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.
4๏ธโฃ. ETH/BTC Strength:
ETH outperforming BTC often signals altseason, meaning higher chances of ETH pushing for new highs.
5๏ธโฃ.Long Setup:
1. Entry (Buy Range):
Ideal buy zone: $3,400โ$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 $200โ$400 profit (1:2 to 1:4 ratio).
6๏ธโฃ.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: $40โ$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.
7๏ธโฃ. 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 20ร Leverage
5. Tp: $4985 Sl: $3125 hold for 2 weeks or 1 month.
6. Trade now...$ETH ๐
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