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"ETHUSD is currently trading within a well-respected ascending channel on the 4H timeframe. Price has recently rebounded from the lower boundary and is now hovering near the midline of the channel. A sustained move above this level, supported by increasing volume, could trigger a breakout toward the $2,700–$2,750 resistance zone.
I'm watching for a confirmed breakout above $2,700 with strong bullish candles and volume. If that happens, I plan to enter a long position, targeting $2,750–$2,800, with a stop below $2,620.
Key levels:
Support: $2,620 and $2,550
Resistance: $2,700 and $2,750
Indicators:
EMA 50 and 200 show a bullish crossover
RSI is neutral around 55, suggesting room for upside
MACD is showing early bullish momentum
A breakout above the upper trendline could confirm bullish continuation, while failure to hold the midline may lead to a pullback."
USEFUL RECOMMENDATION:
ETHUSD is in a clear ascending channel on the 4H chart.
Key support is $2,620; resistance lies at $2,700–$2,750.
Bullish bias: expecting a breakout above $2,700 with volume confirmation.
Indicators (EMA, RSI, MACD) support potential upside momentum.
Plan: Long above $2,700, target $2,750, stop below $2,620.
https://www.tradingview.com/x/HYLBjbEs/
"ETHUSD is currently trading within a well-respected ascending channel on the 4H timeframe. Price has recently rebounded from the lower boundary and is now hovering near the midline of the channel. A sustained move above this level, supported by increasing volume, could trigger a breakout toward the $2,700–$2,750 resistance zone.
I'm watching for a confirmed breakout above $2,700 with strong bullish candles and volume. If that happens, I plan to enter a long position, targeting $2,750–$2,800, with a stop below $2,620.
Key levels:
Support: $2,620 and $2,550
Resistance: $2,700 and $2,750
Indicators:
EMA 50 and 200 show a bullish crossover
RSI is neutral around 55, suggesting room for upside
MACD is showing early bullish momentum
A breakout above the upper trendline could confirm bullish continuation, while failure to hold the midline may lead to a pullback."
USEFUL RECOMMENDATION:
ETHUSD is in a clear ascending channel on the 4H chart.
Key support is $2,620; resistance lies at $2,700–$2,750.
Bullish bias: expecting a breakout above $2,700 with volume confirmation.
Indicators (EMA, RSI, MACD) support potential upside momentum.
Plan: Long above $2,700, target $2,750, stop below $2,620.
https://www.tradingview.com/x/HYLBjbEs/
Trade active
If Ethereum maintains its upward trajectory and breaks past the immediate resistance, the next target could be around $2,700 USD. Conversely, if it fails to hold Price 1 Hour Ago: Approximately $2,591.27above the support level, it might retest the $2,550 USD mark.USD
1-Hour Change: +$26.00 (+1.00%)
Ethereum has experienced a modest uptick of about 1% over the past hour, indicating a slight bullish momentum.
🎯 Short-Term Price Targets
Given the recent movement, here are potential short-term price targets:
Immediate Resistance: $2,650 USD
Immediate Support: $2,590 USD
Trade closed: target reached
Close the trade as it reached at the given trget nearly 27k
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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.
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.