📊 ETH/USDT Price Action Analysis — Bullish Continuation Expected 🚀
🔍 Chart Overview (as of June 9, 2025):
This chart of ETH/USDT highlights a well-defined support and resistance structure, projecting a potential bullish move toward a main resistance target at $2,788.00.
🧱 Key Zones:
🔵 Support Zone: $2,440 – $2,480
Price rebounded strongly from this area, showing buyer interest and liquidity absorption.
🟠 Resistance Zone: $2,660 – $2,690
Previously rejected zone where supply overtook demand. Price must break and hold above this for further upside.
🔺 Main Resistance Target: $2,788.00
If resistance is cleared, this is the next major supply area, acting as a potential take-profit level.
📈 Price Action Insight:
Price is currently hovering near $2,538.37, approaching resistance.
The chart suggests a potential breakout scenario after a short consolidation.
A bullish breakout above $2,690 could trigger a sharp rally toward the $2,788 target.
The chart projects a pullback-retest pattern (break, retest, and continuation) before the final leg up.
⚠️ Risk Management:
Invalidation Level: $2,381.49
A break below this level would invalidate the bullish setup and could lead to further downside.
✅ Summary:
Bias: Bullish 📈
Entry Area: Break and retest above resistance zone ($2,660–2,690) 🔓
Target: $2,788 🎯
Invalidation: Below $2,381.49 🚫
📌 Note: Always use proper risk management and confirm breakouts with volume or momentum indicators (e.g., RSI, MACD).
🔍 Chart Overview (as of June 9, 2025):
This chart of ETH/USDT highlights a well-defined support and resistance structure, projecting a potential bullish move toward a main resistance target at $2,788.00.
🧱 Key Zones:
🔵 Support Zone: $2,440 – $2,480
Price rebounded strongly from this area, showing buyer interest and liquidity absorption.
🟠 Resistance Zone: $2,660 – $2,690
Previously rejected zone where supply overtook demand. Price must break and hold above this for further upside.
🔺 Main Resistance Target: $2,788.00
If resistance is cleared, this is the next major supply area, acting as a potential take-profit level.
📈 Price Action Insight:
Price is currently hovering near $2,538.37, approaching resistance.
The chart suggests a potential breakout scenario after a short consolidation.
A bullish breakout above $2,690 could trigger a sharp rally toward the $2,788 target.
The chart projects a pullback-retest pattern (break, retest, and continuation) before the final leg up.
⚠️ Risk Management:
Invalidation Level: $2,381.49
A break below this level would invalidate the bullish setup and could lead to further downside.
✅ Summary:
Bias: Bullish 📈
Entry Area: Break and retest above resistance zone ($2,660–2,690) 🔓
Target: $2,788 🎯
Invalidation: Below $2,381.49 🚫
📌 Note: Always use proper risk management and confirm breakouts with volume or momentum indicators (e.g., RSI, MACD).
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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uvd1etcgg1
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.