Ethereum is currently trading within a broad consolidation range between $2,387 (support) and $2,657 (resistance) on the 4H timeframe. After a sharp pullback from range highs, price is retesting the mid-range and Fibonacci levels, offering a potential bullish setup.
Trading Plan:
Buy Stop: $2,501 (confirmation of upward momentum)
Stop Loss: $2,363 (below key support zone)
Take Profit 1 (TP1): $2,657 (range resistance)
Take Profit 2 (TP2): $2,853 (projected breakout target
) Key Levels to Watch:
Support Zone: $2,387 – $2,363
Resistance Zone: $2,657 – $2,853
Fib Retracements: 38.2% @ $2,554 & 61.8% @ $2,472
📊 Bias: Bullish above $2,501, caution if price dips below $2,363.
RSI is hovering near 44, suggesting neutral momentum with potential room for upside if buying pressure increases.
Trading Plan:
Buy Stop: $2,501 (confirmation of upward momentum)
Stop Loss: $2,363 (below key support zone)
Take Profit 1 (TP1): $2,657 (range resistance)
Take Profit 2 (TP2): $2,853 (projected breakout target
) Key Levels to Watch:
Support Zone: $2,387 – $2,363
Resistance Zone: $2,657 – $2,853
Fib Retracements: 38.2% @ $2,554 & 61.8% @ $2,472
📊 Bias: Bullish above $2,501, caution if price dips below $2,363.
RSI is hovering near 44, suggesting neutral momentum with potential room for upside if buying pressure increases.
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.