Ethereum

(ETH/USD) chart , showing support and resistance levels,

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(ETH/USD) chart , showing support and resistance levels, price action analysis, and a potential long trade setup.



Key Features:

1. Support & Resistance Levels:

• Resistance: Around $2,840

• Support: Around $2,351 (Entry Zone)

2. Price Action:

• The market was range-bound for a while.

• A fakeout/liquidity grab occurred (highlighted in the orange circle).

• After that, the price dropped sharply.

3. Trade Setup:

• The price may reverse from the Entry Zone (~$2,351 - $2,285).

• A bullish structure could form, creating higher highs and higher lows.

• The target zone is around $2,840.

Penafian

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