🚨 $ETH /USDT 15-Minute Chart Trading Signal 🚨

Ethereum (ETH) is currently trading at 2,506.06 USDT, moving within an ascending channel, suggesting a potential for further upward movement if it maintains the current structure. However, caution is warranted due to possible resistance ahead.

Key Levels and Trade Setup:

Resistance: 2,540 USDT – This is a key resistance level, and a breakout above could confirm a bullish continuation.

Support: 2,492 USDT – Maintaining this support level is essential for ETH to sustain its upward trajectory.

Trade Entry and Targets:

Entry: Long position around the current price of 2,506.06 USDT, aiming to capitalize on a potential rally within the channel.

Take Profit (TP) Targets:

TP1: 2,520 USDT – A conservative target to capture early profits within the upward trend.

TP2: 2,535 USDT – Approaching resistance, this target aims for moderate gains as ETH tests the upper levels.

TP3: 2,540 USDT – A stretch target, expecting a breakout above resistance if momentum sustains.

Stop Loss (SL): 2,415 USDT – Placed below the ascending channel to protect against a significant downside.

Summary:

ETH/USDT could see continued upside if it holds above the 2,492 USDT support and pushes towards the 2,540 USDT resistance. The setup provides sequential profit-taking points, allowing traders to capture gains at each level, while the stop loss at 2,415 USDT minimizes risk in case of a bearish reversal. Keep a close eye on the resistance level for breakout confirmation.

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