$ETH Shows Bullish Momentum - Breakout Above 1,988 Could Trigger Rally Toward 2,050
LONG POSITION (BUY)
Entry: 1,975 - 1,982
Take Profit Levels:
- TP1: 2,000 (psychological resistance)
- TP2: 2,036 (next resistance)
- TP3: 2,072 - 2,080 (strong resistance zone)
Stop Loss:
- SL: 1,932 (below 24h low and support)
Risk/Reward Ratio: approximately 1:2.5
Technical Setup:
- Supertrend indicator showing bullish signal at 1,968.41
- MACD displaying positive momentum (0.21)
- Price holding above key support zone
Key Levels to Watch:
- Immediate Resistance: 1,988.20 (24h high)
- Strong Resistance: 2,000 - 2,036
- Support: 1,950 - 1,938
- Critical Support: 1,900 - 1,880