#ETHUSDT is forming a potential mid-term reversal

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๐Ÿ“‰ LONG ETHUSDT.P from $2102.90
๐Ÿ›ก Stop loss at $2083.00

๐Ÿ•’ Timeframe: 1D (Mid-term idea)

โœ… Overview:
โžก๏ธ ETHUSDT.P Falling Wedge breakout confirmed on the daily chart.
โžก๏ธ Successful retest of the $1,955โ€“$2,041 zone.
โžก๏ธ Holding above $2,101 opens the way to higher levels.
โžก๏ธ Volume is increasing post-breakout โ€” confirming buyer interest.
โžก๏ธ Next strong resistance block lies between $2,308โ€“$2,522.

๐ŸŽฏ TP Targets:
๐Ÿ’Ž TP 1: $2112.00 โ€” nearest resistance and key liquidity zone.
๐Ÿ’Ž TP 2: $2125.00 โ€” a critical daily level, zone of pullback from previous drop.
๐Ÿ’Ž TP 3: $2134.00 โ€” potential impulse target toward major POC ($3,373).

๐Ÿ“ข If price fails to hold above $2,068 and breaks below $2,041 โ€” the setup is invalidated.
๐Ÿ“ข A retest of $2,101 from below may be needed before a stronger upward move.
๐Ÿ“ข Volume support at $1,955 is critical for the bullish case.

๐Ÿš€ ETHUSDT.P is forming a potential mid-term reversal โ€” if price holds above $2,101, a move toward $2,200+ and beyond is expected.

Penafian

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