ETHUSDT 2-hour analysis: New bullish momentum is forming
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On the 2-hour ETHUSDT chart, after breaking the downtrend (red line), ETH has started a strong rally and is currently in wave (4) of the Elliott wave pattern. The support zone around $2,560 is playing a very important role. If ETH holds above this zone, it is likely to continue moving up to wave (5) with a target of $2,780 or higher.
The EMA 34 and EMA 89 (blue and purple lines) are showing a solid uptrend, supporting the price. This could be a good opportunity to enter a buy order when the price retests the support zone.
Trading strategy:
Buy at $2,560, target to increase to $2,780.
Pay attention to risk management, in case the market has unexpected fluctuations.
The potential opportunity is very clear, wish you effective trading!
The EMA 34 and EMA 89 (blue and purple lines) are showing a solid uptrend, supporting the price. This could be a good opportunity to enter a buy order when the price retests the support zone.
Trading strategy:
Buy at $2,560, target to increase to $2,780.
Pay attention to risk management, in case the market has unexpected fluctuations.
The potential opportunity is very clear, wish you effective trading!
Transaction en cours
niceTrade fermée: cible de profit atteinte
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