$ETH /USDT 15-minute chart from Binance, I can give a professional analysis for both long and short trades. Here’s a breakdown of the current situation:

Chart Overview:

Current Price: $2616.00

24-Hour High: $2659.39

24-Hour Low: $2601.18

Volume: Rising as seen by recent green candles, indicating growing buying pressure.

Technical Observations:

1. Downtrend Line (Blue): A descending resistance trendline was broken recently, signaling potential for further upward movement.

2. Breakout Zone (Purple Box): There is a consolidation area formed right above the breakout point, which can act as both support and resistance in the short term.

3. Volume: The rise in volume after breaking the descending trendline suggests strong buying interest, which supports bullish momentum.

Entry Levels for Long Trades:

Entry: Above $2620 after a confirmed retest of the breakout zone (the purple box) for more confirmation of bullish continuation.

Stop Loss: Set below the breakout zone at $2600 to protect against false breakouts.

Target 1: $2635 - First target where minor resistance could be encountered.

Target 2: $2650 - $2659 - A more ambitious target aiming for a retest of recent highs.

Entry Levels for Short Trades:

Entry: If price falls back below $2610, breaking the lower part of the purple box, this could signal a failed breakout.

Stop Loss: Above the breakout resistance at $2625 to minimize loss if it retraces upward.

Target 1: $2590 - The next significant support level.

Target 2: $2570 - $2550 - Extended target if the downward momentum accelerates.#XRPDonationsUSElections #APTSurpassesSUI #CMEBTCFuturesRecordHigh #GameFiTokensRally #Write2Earn!