📊 ETHUSD (H4 Timeframe)
🔍 Analysis:
• Strong recovery after breaking out of the descending channel ✅
• Price is consolidating above the reclaimed support zone ✅
• Buyers continue defending the 1,610–1,625 demand area
• Bullish structure remains intact above support
🎯 Bullish Targets:
✅ TP1: 1,736.69 (1st Projected Level)
✅ TP2: 1,812.19 (2nd Projected Level)
📌 Support Zone:
1,610 – 1,625
🛑 Stop Loss:
Below 1,580
🚀 Trade Idea:
BUY on bullish confirmation or continuation from the support zone.
📈 Outlook:
As long as price remains above the 1,610–1,625 support area, buyers could push ETHUSD toward 1,736.69 first and potentially 1,812.19 in the coming sessions.
🔍 Analysis:
• Strong recovery after breaking out of the descending channel ✅
• Price is consolidating above the reclaimed support zone ✅
• Buyers continue defending the 1,610–1,625 demand area
• Bullish structure remains intact above support
🎯 Bullish Targets:
✅ TP1: 1,736.69 (1st Projected Level)
✅ TP2: 1,812.19 (2nd Projected Level)
📌 Support Zone:
1,610 – 1,625
🛑 Stop Loss:
Below 1,580
🚀 Trade Idea:
BUY on bullish confirmation or continuation from the support zone.
📈 Outlook:
As long as price remains above the 1,610–1,625 support area, buyers could push ETHUSD toward 1,736.69 first and potentially 1,812.19 in the coming sessions.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
