ETHUSD has decisively broken above its long-term descending trendline, showing early signs of a bullish trend reversal. With a bullish price structure forming above the $1,740 support zone, eyes are on the potential rally toward $4,100.
The Commitment of Traders (COT) data adds weight to the move:
88.31% of non-commercial positions are long as of April 27.
Net positions turned positive, reflecting renewed institutional confidence.
Open interest is rising steadily, and short positions are being reduced.
The technical breakout, aligned with bullish sentiment among smart money traders, presents a compelling setup.
Target: $4,135
Stop Loss Zone: Below $1,335
Watch Levels: $1,744 (key structure), $2,400 (interim resistance)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。