Trade Setup for
$ETH đđ:
đ Analysis:
- đ Trend: Neutral (Med-Term), Uptrend (Short/Long-Term).
- âď¸ Momentum: Mixed (Bullish MACD, Neutral RSI).
- âď¸ Support/Resistance: $2,150, $2,000 (Support); $2,400 (Prev. Support), $2,750 (Resistance).
đ Price Action:
- Uptrend post Sideways Channel breakout.
- +13% surge to $2,750, met with profit-taking.
đ Scenarios:
1. Break above $2,400:
- Signal of uptrend continuation.
- đ Upside: +13% to $2,750.
2. Pullback near $2,150:
- Uptrend entry opportunity.
- đ Upside: +12% to $2,400.
- đ¨ Alert: Set for breakout/pullback.
đ Catalyst:
- Ethereum Spot ETF launch (May 2024).
đ Research:
- Explore related altcoins per our research report.
đ Insight:
- Ethereum poised for potential gains.
- Manage risk and stay informed.
Trade wisely! đđš
#ETH #Ethereum #CryptoTrading #BullishSetup