Coin Name: #ETH
Position: LONG๐
Ethereum (ETH) is forming a bullish ascending triangle on the 1-day chart ๐. The price has been respecting a downtrend support line, where buyers actively step in, preventing further downside. Meanwhile, the $4,000 - $4,100 zone is acting as a strong resistance, as sellers have consistently rejected ETH at this level. This setup indicates that ETH is coiling up for a potential breakout! ๐ If ETH breaks above the resistance with strong volume, we could see a massive bull rally towards higher price targets. However, the crypto market is highly volatile โ ๏ธ, so always do your own research before making any trading decisions! โ
๐ฅ Entry Price: $2,750 or Support Zone ( Always use DCA method )
๐ฏ Targets๐:
๐ฐ1st TP $6,530
๐ฐ2nd TP $11,900
๐ Special Note:
๐ฅSpot Call๐ฅ
โ ๏ธ Use only 1% of your portfolio ๐ผ to manage risks effectively. Avoid high leverage ๐ซ and proceed cautiously to mitigate potential losses ๐. Always prioritize risk management and use the DCA method โ
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