There are two possible scenarios for Ethereum’s price movement:
1) An immediate breakout above the $2550 resistance.
This is the riskier option and involves setting a tight stop-loss. If the breakout occurs, consider opening a small LONG position, targeting around $2800–2850.
2) A liquidity sweep below $2350.
If Ethereum breaks below the support level but quickly moves back above it, this will signal an opportunity to open a LONG position with a larger position size. The target remains the same: $2800–2850.
📈 Overall, the upside scenario is favored.
1) An immediate breakout above the $2550 resistance.
This is the riskier option and involves setting a tight stop-loss. If the breakout occurs, consider opening a small LONG position, targeting around $2800–2850.
2) A liquidity sweep below $2350.
If Ethereum breaks below the support level but quickly moves back above it, this will signal an opportunity to open a LONG position with a larger position size. The target remains the same: $2800–2850.
📈 Overall, the upside scenario is favored.