Ethereum / TetherUS
Long

Lingrid | ETHUSDT Potential Long Following Impulse Movement

1 925
The price perfectly fulfilled my previous idea. ETHUSDT is rebounding after holding the 4,400 support and retesting the upward trendline. The structure shows a corrective downward channel that has now broken to the upside. As long as price holds above 4,400, momentum favors another push toward 4,790 resistance. The broader setup reflects bullish continuation after a consolidation phase.

📉 Key Levels
  • Buy trigger: Break and hold above 4,400 support
  • Buy zone: 4,300 – 4,400 accumulation area
  • Target: 4,790
  • Invalidation: Close below 4,000

💡 Risks
  • Failure of price to sustain above the upward trendline.
  • Broader market weakness or Bitcoin-led downturn.
  • Upcoming macroeconomic data releases impacting overall risk sentiment.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!


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