Ethereum (ETH/USD) Trading Signal

Hello Traders 👋👋

📈 Long Position (Buy Setup)
• Entry Zone: $2,200 – $2,250 (Strong Demand Area)
• Stop-Loss: Below $2,000 (To minimize risk)
• Take-Profit Targets:
• TP1: $2,500 (Intermediate Resistance)
• TP2: $2,850 (Key Resistance Level)

📉 Short Position (Sell Setup - Alternative Scenario)
• Entry Zone: $2,850 – $2,900 (Major Resistance Zone)
• Stop-Loss: Above $3,000
• Take-Profit Targets:
• TP1: $2,500
• TP2: $2,250

📌 Market Outlook: The price is currently in a downtrend but approaching a potential demand zone. A reversal from this level could lead to a bullish move toward the $2,850 resistance. However, failure to hold support may result in further downside movement.

🔔 Risk Management: Proper position sizing and stop-loss placement are crucial to mitigate potential losses. Always trade with a well-defined risk-reward ratio.