"Ethereum Showing Strength on the 4-Hour Chart — A New Bullish Trend Emerging?"
The 4-hour timeframe is starting to show strong bullish momentum. Could this be the beginning of a new uptrend?
A potential 5:1 risk-to-reward setup is forming:
Entry: 2,620
Stop Loss: 2,364
Target: 4,062
Support 2500 must hold!!!
The 4-hour timeframe is starting to show strong bullish momentum. Could this be the beginning of a new uptrend?
A potential 5:1 risk-to-reward setup is forming:
Entry: 2,620
Stop Loss: 2,364
Target: 4,062
Support 2500 must hold!!!
Trade closed manually
Trade exited. Bullish momentum is fading, so it's time to wait patiently for the next opportunity. I’ll consider re-entering if ETH moves back above $2,600.
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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.