Market Update:
ETH has been consolidating in an accumulation phase after a strong bearish trend on the 4-hour timeframe. This phase often indicates that smart money is positioning for the next big move!
Key Levels to Watch:
🔹 Resistance Level: 2920
🔹 Support Level: 2500
Bullish Confirmation Strategy:
🔹 Breakout of the accumulation phase
🔹 Break of the resistance level
🔹 A 4H candle closure above resistance
Trade Setup:
Once these confirmations are in place, we can anticipate a strong bullish rally. I'll be looking for long entries with proper risk management and a favorable risk-to-reward ratio.
What’s Your Take?
Will #ETH break out, or will bears take control again? Drop your thoughts in the comments!
#ETH #Crypto #Trading #Breakout #CryptoTrading
ETH has been consolidating in an accumulation phase after a strong bearish trend on the 4-hour timeframe. This phase often indicates that smart money is positioning for the next big move!Key Levels to Watch:
🔹 Resistance Level: 2920
🔹 Support Level: 2500
Bullish Confirmation Strategy:
🔹 Breakout of the accumulation phase
🔹 Break of the resistance level
🔹 A 4H candle closure above resistance
Trade Setup:
Once these confirmations are in place, we can anticipate a strong bullish rally. I'll be looking for long entries with proper risk management and a favorable risk-to-reward ratio.
What’s Your Take?
Will #ETH break out, or will bears take control again? Drop your thoughts in the comments!
#ETH #Crypto #Trading #Breakout #CryptoTrading
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