Ethereum $ETH
just printed a massive bullish candle and is consolidating near key resistance. Hereâs the setup Iâm watching đ
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đ Chart Snapshot (22-08-2025)
Price: $4,647.46
24h Change: +8.94% đ„
Resistance: $4,668.18
Support: $4,204.20
Trend: Strongly bullish (well above MA7, MA25, MA99)
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đŻ Entry & Exit Plan
â Scenario 1: Bullish Breakout
LONG Entry: On breakout & close above $4,670 with volume confirmation
Targets:
TP1 â $4,788
TP2 â $4,859
Stop-Loss: Below $4,550
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â Scenario 2: Pullback Entry
LONG Entry: Bounce from $4,280 â $4,320 support zone
Target: Back towards $4,650+
Stop-Loss: Below $4,200
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â ïž Risk Check
RSI likely overbought â short-term pullback risk
24h Volume ($3.79B) = strong momentum
Always use a Stop-Loss â market can flip fast
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đĄ Bottom Line
ETH $ETH looks strong, and the path of least resistance is UP.
đ Break above $4,670 = quick continuation
đ Pullback to $4,300 = low-risk re-entry
Trade smart
. Stay disciplined. đ