🚀 $ETH Potential Breakout! 🚀
guys buy long🚀
Entry Zone: $3,400 - $3,470
Target 1: $3,520
Target 2: $3,600
Target 3: $3,623
Stop Loss: $3,233
🧐 Analysis:
1️⃣ Support: ETH has strong support around $3,400, making it a good entry point if the price retraces to this level.
2️⃣ RSI (Relative Strength Index): The RSI is neutral, indicating the market is neither overbought nor oversold, leaving room for potential upside.
3️⃣ Breakout Potential: A breakout above $3,470 could lead to further upward movement, with targets set at $3,600, $3,750, and $4,000.
4️⃣ Volume: Volume is gradually increasing, signaling growing buyer interest and supporting the upward movement.
Recommendation:
Enter within the range of $3,400 - $3,470 for an optimal risk/reward entry. Take partial profits at Target 1 ($3,600), and consider holding for Target 2 ($3,750) and Target 3 ($4,000) if the trend continues. Stop Loss should be placed at $3,250 to manage potential downside risk.