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$ETH /USDT Trading Setup
Price has rebounded strongly from the key demand zone around $2,815–$2,900, showing clear rejection wicks and increasing buy volume. The structure suggests a potential continuation toward the upper boundary of the range.
Entry: $3,500–$3,550 (on confirmed daily close above mid-range)
Targets:
• TP1: $3,800
• TP2: $4,050
• TP3: $4,350
Stop Loss: $3,250 (below recent swing low)
Analysis:
ETH remains in a wide accumulation range between $2,800 and $4,350. Bulls defended the lower boundary with strength, signaling a shift in short-term momentum. A daily close above $3,550 would confirm a breakout within the range, favoring upside continuation toward the $4,000–$4,350 resistance zone. Volume confirmation is key; failure to hold above $3,500 could invite another retest of the $3,000 area.
Range trading conditions remain dominant, but momentum bias leans bullish as long as price stays above $3,250.
#ETH