(ETH/USD) Bullish Setup: Entry at $2,422 with Target at $2,521 a

1. Entry Point: ~2,422.2

This is the suggested buy area based on a recent bounce from the support zone
2. Support Zone (Purple Box):
Bottom boundary: ~2,392.4
Top boundary: ~2,408.4
Price has bounced multiple times here, showing strong buying interest.
3. Resistance Point: ~2,463.9
A clear horizontal resistance line, previously tested.



4. EA Target Point: ~2,522.1
A bullish target if the price breaks above the resistance level.
🔶 Highlighted Patterns / Markers

Orange Circles: Indicate key swing highs and lows — possibly used to identify double tops/bottoms or rejection/wick zones.

Blue Arrows: Illustrate the anticipated move from:

Entry (2,408.1) → Resistance (2,463.9) → Target (2,521.2)

Target gain = +111.7 USD (+4.64%)
🔻 Stop Loss Level
Set just below the support box at ~2,392.4
Protects from false breakouts or deeper pullbacks.
📈 Strategy Outlook
Bullish Bias: The setup expects a breakout from the current price range.

Risk-Reward Ratio: Appears favorable — tight stop and wide target.

Confirmation Needed: A solid breakout and hold above 2,423–2,425 may be the early confirmation signal.

📌 Summary

Element Value

Entry Point ~2,422.2
Stop Loss ~2,392.4
Resistance ~2,463.9
Target (TP) ~2,521.2
R:R Ratio Approx. 3:1
Bias Bullish