Based on the technical chart for
$ETH /USDT provided, here is a long setup focused on the current ascending support levels
Long Setup:
$ETH /USDT
$BTC The price is currently hovering near a major ascending support line (blue line). A bounce from this level, combined with the recent bullish price action, suggests a potential move toward the upper resistance zones.
Entry Zone: $2,030 – $2,065
Note: Looking for entries as close to the blue support line as possible to maximize R/R (Risk/Reward).
Take Profit (TP) Targets:$2,180 (Immediate resistance/recent swing high)
$2,320 (Red trendline resistance)
$2,480 (Major horizontal resistance / Green line)
Stop Loss (SL): $1,960
Rationale: A daily candle close below the blue support line and the $2,000 psychological level invalidates the bullish structure.Trend: The chart shows a series of higher lows since February, forming an ascending channel
Support: The blue line has acted as a reliable floor. As long as ETH stays above $2,000, the "Green Arrow" path toward the $2,400+ range remains the primary technical thesis
Risk Warning: Cryptocurrency markets are highly volatile. Ensure you use proper position sizing and manage your leverage carefully on Binance Futures Early buying Long 👇
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