Ethereum (ETH/USD) has reached a critical demand zone around $1,550 - $1,580, where strong buying interest has previously shown support. After a consistent downtrend, the price is now showing early signs of bullish reversal on the 2-hour chart.
If this level holds, a potential move towards the target area of $1,920 - $1,970 is likely. This area aligns with previous structure resistance and could act as a take-profit zone.
Key Highlights:
Entry Zone: $1,550 - $1,580
Target Zone: $1,920 - $1,970
Timeframe: 2H
Setup Type: Trend Reversal / Swing Trade
Risk Management: Always use a tight stop-loss below the demand zone
Idea: Wait for a bullish confirmation (like a strong bullish candle or pattern) before entering. This setup offers a favorable risk-to-reward ratio if the support holds.
If this level holds, a potential move towards the target area of $1,920 - $1,970 is likely. This area aligns with previous structure resistance and could act as a take-profit zone.
Key Highlights:
Entry Zone: $1,550 - $1,580
Target Zone: $1,920 - $1,970
Timeframe: 2H
Setup Type: Trend Reversal / Swing Trade
Risk Management: Always use a tight stop-loss below the demand zone
Idea: Wait for a bullish confirmation (like a strong bullish candle or pattern) before entering. This setup offers a favorable risk-to-reward ratio if the support holds.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.