From TradingView · · 50s
Ethereum Price Analysis for ETHUSDT
Ethereum price analysis shows potential long setup if it holds 2406.
In brief
Ethereum price analysis shows potential long setup if it holds 2406. Ethereum price may rise to 2501 if it holds 2406 with strong bullish candle. Originally reported by TradingView.
ETHUSDT Analysis Update
Ethereum price remains under short-term bearish pressure but reacting from 2373 support zone.
Key Support and Resistance Levels
Key resistance levels at 2501, 2570, and 2630; key support area around 2400 and 2380-2373.
Trade Entry Conditions
Price must confirm reclaim of trigger zone around 2406 with strong bullish candle body above 80% for long setup.
Risk Management Plan
Stop loss below 2380; take profit targets at 2501, 2570, and 2630 with risk-reward ratio of 2.
Trade Outcome
Trade closed with target reached after 1 touch of risk-reward ratio.
The key point
Ethereum price may rise to 2501 if it holds 2406 with strong bullish candle.
