Trade Setup🎯$ETH
Entry Zone: 3,100 – 3,120
Targets:
TP1: 3,180
TP2: 3,250
TP3: 3,300
Stop-Loss: 3,040
Analysis
$ETH is currently showing signs of a recovery following a recent local bottom near the 3,054 region. After a sharp decline from the 3,308 peak, the price has successfully reclaimed the MA(25) (purple line) and MA(99) (dark blue line) on the 4-hour timeframe.
The current price action indicates a "higher low" formation. The presence of green candles with increasing volume suggests that buyers are stepping in to defend the 3,100 psychological level. As long as the price stays above the moving averages, the short-term momentum remains cautiously bullish.
Outlook
The immediate resistance sits at 3,125 (MA7). A sustained break above this level would confirm a bullish continuation. Conversely, if the price fails to hold the 3,075 support zone, we may see a retest of the recent lows.
