Ethereum (ETH) is currently forming a classic Cup and Handle pattern, a bullish continuation indicator. A potential breakout above the resistance at 3770 could signal a strong buying opportunity.
Trade Setup:
• Entry Point: Breakout confirmation above 3770.
• Stop Loss (SL): Set around 3680 to manage risk effectively.
Targets (TP)
1. TP1: 3860 – Risk-reward ratio of 1:1.
2. TP2: 3950 – Risk-reward ratio of 1:2.
Trade Setup:
• Entry Point: Breakout confirmation above 3770.
• Stop Loss (SL): Set around 3680 to manage risk effectively.
Targets (TP)
1. TP1: 3860 – Risk-reward ratio of 1:1.
2. TP2: 3950 – Risk-reward ratio of 1:2.
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