🔥 $ETH Breakout Setup - Momentum Continues!

Price: $2,207.76 | 24h: +5.65% ↗️

Technical Analysis:

$ETH just broke above daily resistance at $2,240, confirming a strong uptrend. On the 4h chart, we're consolidating above the $2,210 support level with consistent higher lows. Volume is healthy, and the weighted average price ($2,216) suggests institutional accumulation.

Setup: LONG 🚀

Entry: $2,205-$2,220 (current levels)

Stop Loss: $2,186 (daily support)

TP1 (2RR): $2,268 (+61 pips = $135 profit)

TP2 (3RR): $2,330 (+125 pips = $277 profit)

Risk/Reward: 1:3 on TP2

ETH is showing textbook breakout behavior. Watch for pullbacks to $2,210 as bounces for adding positions. If $2,186 breaks, reassess the trend.

#Ethereum #DeFi #Trading #CryptoAnalysis

DYOR - This is educational analysis, not financial advice.