Hi traders! , Analyzing ETH/USD on the 2H timeframe, price is respecting an ascending trendline and showing signs of continuation within the bullish structure:
🔹 Entry: 2555
🔹 Take Profit : 2831
🔹 Stop Loss : 2234
After consolidating above key support and retesting the ascending trendline, ETH is showing potential for a bullish continuation. The recent bounce is forming higher lows, and price remains above the 50 EMA, suggesting buyers are maintaining control.
RSI is currently turning upward from the mid-zone, signaling growing bullish momentum while still avoiding overbought conditions. The trendline has been respected several times, adding confluence to the setup.
If momentum holds, the TP around 2831 lines up with a significant resistance area from previous structure — a logical zone for price to reach in the short term.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for managing their own risk and strategy.
🔹 Entry: 2555
🔹 Take Profit : 2831
🔹 Stop Loss : 2234
After consolidating above key support and retesting the ascending trendline, ETH is showing potential for a bullish continuation. The recent bounce is forming higher lows, and price remains above the 50 EMA, suggesting buyers are maintaining control.
RSI is currently turning upward from the mid-zone, signaling growing bullish momentum while still avoiding overbought conditions. The trendline has been respected several times, adding confluence to the setup.
If momentum holds, the TP around 2831 lines up with a significant resistance area from previous structure — a logical zone for price to reach in the short term.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for managing their own risk and strategy.
Note
Secured partials SL at break-even Trade closed: target reached
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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.
🔥 Top indicators I personally use 👇
tinyurl.com/3dh9em7m
tinyurl.com/3dh9em7m
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.