Chart Insights:
ETH is holding the lower trendline support (~$2,430), which indicates a potential reversal zone.
The RSI is hovering around 39, which indicates oversold territory, suggesting that buyers may step in soon.
Expected Move:
The chart predicts a strong move upwards towards the $2,800–2,900 zone (blue arrow), which aligns with the top range boundary.
Trade Plan:
Buy Zone: Near the lower trendline ($2,430–2,450)
Stop Loss: Just below the trendline ($2,400)
Target: Near the upper range boundary (~$2,800–2,900)
Stay alert!
ETH is holding the lower trendline support (~$2,430), which indicates a potential reversal zone.
The RSI is hovering around 39, which indicates oversold territory, suggesting that buyers may step in soon.
Expected Move:
The chart predicts a strong move upwards towards the $2,800–2,900 zone (blue arrow), which aligns with the top range boundary.
Trade Plan:
Buy Zone: Near the lower trendline ($2,430–2,450)
Stop Loss: Just below the trendline ($2,400)
Target: Near the upper range boundary (~$2,800–2,900)
Stay alert!
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