Taking a look at the chart, it's clear that ETH has made a successful bounce off the support and is now on its way to challenge a strong resistance. Given the current short-term bullish sentiment, there's a reasonable expectation that it will break through that resistance.
After the breakout, we may witness a minor retracement, as anticipated. This trade is a calculated one with a moderate level of risk, so be prepared if you decide to take the plunge.
Entry Price: Around 1577
StopLoss: About 1540
Target Price 1: 1600
Target Price 2: 1630
Target Price 3: 1660
Recommended Max Leverage: 5x (Don't go too wild! 🤑)
Oh, and don't forget to set that stop-loss! 🚨
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