Ethereum continues to hold above the main support zone after a strong recovery from the recent lows. As long as the price remains above 1849, I maintain my bullish outlook.
The 1860–1690 accumulation area offered an attractive long opportunity, and the current price action suggests buyers are still in control.
Trade Plan:
Long Entry: 1660–1690
Stop Loss: 1849
TP1: 1940
TP2: 2010
TP3: 2140
TP4: 2320
TP5: 2420
A sustained move above 1940 could open the way toward the higher targets. However, a break below 1849 would invalidate this bullish scenario.
As always, wait for confirmation and manage your risk carefully.
This is my personal market analysis and not financial advice.
The 1860–1690 accumulation area offered an attractive long opportunity, and the current price action suggests buyers are still in control.
Trade Plan:
Long Entry: 1660–1690
Stop Loss: 1849
TP1: 1940
TP2: 2010
TP3: 2140
TP4: 2320
TP5: 2420
A sustained move above 1940 could open the way toward the higher targets. However, a break below 1849 would invalidate this bullish scenario.
As always, wait for confirmation and manage your risk carefully.
This is my personal market analysis and not financial advice.
Note
Update: The reaction from the 1895–1904 FVG has triggered the pullback I was watching for. In my view, the 1860–1880 zone could provide a good long entry opportunity. If this support area holds and buyers step in, I'll continue to target TP1, TP2, TP3, TP4, and TP5.Note
The 1870–1880 zone looks like a good long entry area. If this support holds, I'm still targeting TP1–TP5.Note
Correction: There was a typo in the original chart. The correct Long Entry zone is 1860–1890, not 1660–1690. Thanks for your understanding. The overall bullish outlook and trade plan remain unchanged.Trade active
Update: The long entry zone (1860–1890) was successfully filled. Price briefly dipped to 1857, respected the invalidation level, and has now recovered to around 1895. The setup remains valid, and TP1 offers a potential gain of approximately 4.4% from the entry zone. I'm still watching for a continuation toward the higher targets.Note
Update: Traders who entered in the 1860–1870 zone are currently up approximately 1.7%–2%. If it fits your trading plan, consider moving your stop loss to your entry price (break-even) to protect your position while letting the trade develop.Note
If you joined this setup, comment your entry price below. Let's see who got the best fill!Note
Update: Price is approaching TP1. From the 1865 entry zone, the trade is currently up around 4.3%. I entered this position with 20× leverage, which means TP1 represents approximately an 86% return on my position. If you're already in profit, consider managing your risk and protecting your gains.Note
Update: TP1 has been reached successfully. 🎯From the original entry zone, the move delivered approximately 4%, which translated to around 80% on my 20× leveraged position.
TP2 is now about 3.3% away from TP1. If reached, it would represent an additional ~65% return on my leveraged position.
Wishing the best of luck to everyone still holding, and don't forget to manage your risk.
Note
TP1 reached. Consider moving your stop loss to your entry price (break-even) to protect your gains while letting the trade run toward TP2.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.