🟢 ETHUSD – Bullish Setup at 4287 Long Opportunity
Ethereum is holding strong above key support at 4280–4290, showing signs of bullish continuation. Price action confirms buyer strength, with momentum indicators aligning for a potential breakout toward higher resistance zones.
🔹 Trade Idea: BUY ETHUSD @ 4287
- Entry: 4287
- Stop Loss: 4215 (below recent structure)
- Take Profit: 4450 / 4600
- Risk/Reward: ~2:1
📊 Technical Confluence:
- Bullish engulfing candle on 1H
- MACD crossover and RSI above 50
- Price respecting ascending channel
- Volume spike confirming accumulation
💬 Narrative:
ETH continues to attract institutional interest, with inflows rising and sentiment shifting bullish. A clean break above 4350 could accelerate toward 4600, especially if BTC maintains strength.
Ethereum is holding strong above key support at 4280–4290, showing signs of bullish continuation. Price action confirms buyer strength, with momentum indicators aligning for a potential breakout toward higher resistance zones.
🔹 Trade Idea: BUY ETHUSD @ 4287
- Entry: 4287
- Stop Loss: 4215 (below recent structure)
- Take Profit: 4450 / 4600
- Risk/Reward: ~2:1
📊 Technical Confluence:
- Bullish engulfing candle on 1H
- MACD crossover and RSI above 50
- Price respecting ascending channel
- Volume spike confirming accumulation
💬 Narrative:
ETH continues to attract institutional interest, with inflows rising and sentiment shifting bullish. A clean break above 4350 could accelerate toward 4600, especially if BTC maintains strength.
Trade active
moving to break even having a good feeling about it thoTrade closed: target reached
Trade completed and 2nd trade open and running in profits
Related publications
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.
Related publications
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.