They’re looking to go long ETH/USDT — basically betting Ethereum will go up against USDT.
The overall market isn’t strongly bullish or bearish. It’s neutral, with a tiny positive lean, so a long trade is allowed. Over the last two weeks, ETH is only up about 1.14%, and nothing looks broken or contradictory in the price action.
The important support area is around 2,562.31. Buyers have stepped in there before. The current move doesn’t look super strong — more like normal chop — and the derivatives crowd isn’t extreme.
The plan is simple:
Buy area: around 2,673.75
Stop loss / cut it if wrong: 2,505.01
Main target: 3,095.60
Reward vs. risk: about 2.5 to 1
Final decision: lock it in and hold for the 14-day / two-week cycle.
#Ethereum #ETH
The overall market isn’t strongly bullish or bearish. It’s neutral, with a tiny positive lean, so a long trade is allowed. Over the last two weeks, ETH is only up about 1.14%, and nothing looks broken or contradictory in the price action.
The important support area is around 2,562.31. Buyers have stepped in there before. The current move doesn’t look super strong — more like normal chop — and the derivatives crowd isn’t extreme.
The plan is simple:
Buy area: around 2,673.75
Stop loss / cut it if wrong: 2,505.01
Main target: 3,095.60
Reward vs. risk: about 2.5 to 1
Final decision: lock it in and hold for the 14-day / two-week cycle.
#Ethereum #ETH