1. Trendline & Support Zone:
A diagonal trendline is visible, indicating an upward trend.
The blue shaded area represents a key support zone around $2,680–$2,700, where price previously bounced.
2. Price Action & Breakout Setup:
ETH is currently at $2,738, moving toward a potential breakout.
The price is expected to rise toward the next resistance levels ($2,776 and $2,825), as indicated by the black arrow.
3. Trade Setup (Long Position):
Entry: Around the current price of $2,738.
Target (Take Profit – TP): Between $2,825 and $2,876.
Stop-Loss (SL): Below $2,696 to manage risk.
Interpretation:
Bullish scenario: If ETH holds above the current support, it could push higher toward $2,825 and beyond.
Bearish invalidation: If price breaks below $2,696, the setup could be invalidated, leading to a further decline.
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