Ethereum (ETH/USD) on the 2-hour timeframe.Ethereum (ETH/USD) on the 2-hour timeframe, here's the analysis and target level:
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🟦 Chart Observations:
ETH is in a rising channel.
Price is respecting Ichimoku Cloud support.
A bullish breakout pattern is forming (consolidation above the cloud).
My clearly marked "TARGET 3300" at the top.
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🎯 Target Level:
Primary Target: $3,300
This is the next major resistance and aligns with the top of the projected ascending channel.
Confirmed by your chart annotation.
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📍 Current Price:
$2,964.3 (Sell) / $2,964.5 (Buy) — as shown in the screenshot.
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📈 Strategy Suggestion:
Entry: On break above local consolidation / wedge (~$2,980–3,000).
Target: $3,300
Stop-Loss: Below Ichimoku cloud or lower channel (~$2,850 or tighter).
Support Levels to watch:
$2,815 (highlighted on the chart)
$2,700 (lower channel zone)
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Would you like me to prepare a full trade plan or backtest this setup?
