ETH Trade : Potential Upside with Imminent Spot ETF Approval
This week, ETH made a significant upward move, driven by expectations of an imminent ETH spot ETF approval. ETH is now attempting to break through the top of its range support, indicating potential for further upside.
Trade Details:
Entry: If the $3,700 level holds as support for the next few days, enter a long spot trade.
Take Profit:
First target: $4,100 - $4,350
Next resistance: $4,700 - $4,900
Stop Loss: Just below $3,600
Conclusion:
This is a strategic entry point with promising upside potential if the $3,700 support level holds. Manage risk with a stop loss just below $3,600 and watch for resistance levels to take profits. #ETH #CryptoTrading #TechnicalAnalysis
Trade Details:
Entry: If the $3,700 level holds as support for the next few days, enter a long spot trade.
Take Profit:
First target: $4,100 - $4,350
Next resistance: $4,700 - $4,900
Stop Loss: Just below $3,600
Conclusion:
This is a strategic entry point with promising upside potential if the $3,700 support level holds. Manage risk with a stop loss just below $3,600 and watch for resistance levels to take profits. #ETH #CryptoTrading #TechnicalAnalysis
