ETH/USD Trading Analysis & Buy Recommendation
⏳ Timeframe: 1H (Short-term) | Exchange: Coinbase
📌 Technical Analysis
Market Structure:
ETH is attempting to recover from a recent downtrend and has found support around $1,858 – $1,866.
The price is currently testing the EMA 33, indicating potential upward momentum.
Key Support & Resistance Levels:
Buy Zone (Entry): $1,870 – $1,875 (Adjusted)
Major Support: $1,858 – $1,866
Immediate Resistance: $1,907 – $1,910
Target Take Profit (TP): $2,025 (Green zone)
EMA 33 Acting as Dynamic Support
EMA 33 High: $1,892 (Currently being tested)
EMA 33 Low: $1,872 (Close to new buy zone)
Trading Volume
Volume is picking up in this consolidation phase, suggesting potential breakout.
🎯 Trade Recommendation
✅ Buy (Long) ETH/USD around $1,870 – $1,875
🎯 Target (TP): $2,025
🛑 Stop Loss (SL): $1,829
📌 Risk-Reward Ratio (R:R): ~3.0 (Potential loss of $45 vs. possible profit of $150)
📌 Note: If ETH breaks below $1,858, consider an early exit to protect capital.
🚀 This setup offers a better risk-reward ratio while still maintaining a strong technical outlook for an upward move.
⏳ Timeframe: 1H (Short-term) | Exchange: Coinbase
📌 Technical Analysis
Market Structure:
ETH is attempting to recover from a recent downtrend and has found support around $1,858 – $1,866.
The price is currently testing the EMA 33, indicating potential upward momentum.
Key Support & Resistance Levels:
Buy Zone (Entry): $1,870 – $1,875 (Adjusted)
Major Support: $1,858 – $1,866
Immediate Resistance: $1,907 – $1,910
Target Take Profit (TP): $2,025 (Green zone)
EMA 33 Acting as Dynamic Support
EMA 33 High: $1,892 (Currently being tested)
EMA 33 Low: $1,872 (Close to new buy zone)
Trading Volume
Volume is picking up in this consolidation phase, suggesting potential breakout.
🎯 Trade Recommendation
✅ Buy (Long) ETH/USD around $1,870 – $1,875
🎯 Target (TP): $2,025
🛑 Stop Loss (SL): $1,829
📌 Risk-Reward Ratio (R:R): ~3.0 (Potential loss of $45 vs. possible profit of $150)
📌 Note: If ETH breaks below $1,858, consider an early exit to protect capital.
🚀 This setup offers a better risk-reward ratio while still maintaining a strong technical outlook for an upward move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.