Ethereum's funding rates have spiked, reflecting an overcrowded long side. Such conditions often precede a long squeeze, as the market seeks to shake out overleveraged traders.
Despite this risk, the current bullish momentum justifies a tiered entry approach:
First Entry (Market Order): 3,790
Second Entry (Limit Order): 3,550
🛑 Stop Loss (for both entries): 3,400
🎯 Take Profit Target: 4,200
This setup allows participation in the upward trend while leaving room
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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.