ETHU trade ideas
ETHU (2X Ethereum ETF)Targeting the end of the wave after a short correction.
Trade setup on the chart
Entry: 177.93
SL: 160.03
TP: 249.18 (4:1RR)
Trade safe!
ETHU: High-Conviction Setup with Clear Risk/Reward (3:1)Ethereum's leveraged ETF CBOE:ETHU just printed a clean technical structure, sitting right above cloud support with a clearly defined trade plan:
📊 Technical Breakdown
Ichimoku Cloud: Price is hugging the flat Kumo, signaling consolidation but not breakdown. The cloud acts as support here.
MACD: Bearish momentum is fading, showing histogram compression and potential reversal soon.
Price Action: Holding above key demand zone with a risk-defined low. Multiple higher lows show bulls are still defending this level.
Target: $81.32 (+54% upside)
Stop: $42.33 (-17% risk)
R/R: 3:1 — clean asymmetric setup
This is a textbook swing setup: if ETH bounces, ETHU could run hard due to the 2x leverage.
🧠 Macro Context
Ethereum looks coiled on higher timeframes. A breakout in ETH could fuel a sharp ETHU rally. Watch BTC/ETH correlation and altcoin sentiment.
📌 Are you long ETH or ETHU right now? Would you take this setup or wait for confirmation? Drop your thoughts below.
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