ETHFI | Swing Long Idea
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increased global risk appetite are creating favorable conditions for further upside in crypto assets.
ETHFI moves in close correlation with Ethereum’s price action. As ETH approaches all-time highs, fueled by a $1B single-day ETF inflow, ETHFI is also showing strong bullish potential.
Additionally, rumors about possible SEC approval of Ethereum staking policy could significantly increase ETHFI’s utility in the future — adding conviction to a long bias.
📈 Technical Analysis
Price broke a HTF key resistance and closed above.
The retest of this level confirmed it as strong support.
Price also broke the HTF bearish trendline, followed by a successful retest and bullish rejection.
📌 Game Plan
Long position entered at $1.2730 after rejection from the retest of the broken bearish trendline.
📋 Trade Management
Stoploss: Daily close below $1.14
Targets:
TP1: $1.41
TP2: $1.65
Trail stops aggressively to lock in profits as price moves favorably.
💬 Like, follow, and comment if you find this setup valuable!
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increased global risk appetite are creating favorable conditions for further upside in crypto assets.
ETHFI moves in close correlation with Ethereum’s price action. As ETH approaches all-time highs, fueled by a $1B single-day ETF inflow, ETHFI is also showing strong bullish potential.
Additionally, rumors about possible SEC approval of Ethereum staking policy could significantly increase ETHFI’s utility in the future — adding conviction to a long bias.
📈 Technical Analysis
Price broke a HTF key resistance and closed above.
The retest of this level confirmed it as strong support.
Price also broke the HTF bearish trendline, followed by a successful retest and bullish rejection.
📌 Game Plan
Long position entered at $1.2730 after rejection from the retest of the broken bearish trendline.
📋 Trade Management
Stoploss: Daily close below $1.14
Targets:
TP1: $1.41
TP2: $1.65
Trail stops aggressively to lock in profits as price moves favorably.
💬 Like, follow, and comment if you find this setup valuable!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.