ETHUSD 1D (Daily) chart: Long Setup🔍 Chart Overview
Asset: Ethereum / US Dollar (ETHUSD)
Timeframe: 1D
Pattern: Bullish Breakout from a Falling Channel
Bias: Strong bullish reversal in progress
Current Price: ~$2,414.80
Major Resistance Zone: ~$3,800–$4,000
Key Support Zones: ~$2,000 and ~$1,510
📈 Technical Breakdown
1. Falling Channel Breakout (Reversal Signal)
ETH had been trading in a downward-sloping channel since late 2024.
Recently broke above the descending channel with a large bullish candle.
This breakout indicates the end of the bearish trend and start of a potential long-term bullish phase.
✅ Classic bullish reversal signal with volume spike.
2. Strong Bullish Impulse
After the breakout, ETH created a powerful bullish impulse candle with almost no upper wick.
Indicates aggressive buyer momentum.
Price is now above multiple key resistance levels (now turned to support).
3. Key Demand Zones (Support)
Zone Description
~$2,018 Retest zone from structure + previous consolidation
~$1,510 Major historical support, origin of last major rally
If ETH pulls back, $2,018 zone is ideal for re-entry, as it's the most probable demand zone buyers may defend.
Second option for long-term reaccumulation is around $1,510 if a deeper correction occurs.
4. Bullish Rejection + Projection Path
The chart shows two possible bullish paths drawn with arrows:
One is a shallow pullback into the $2,000–$2,200 zone before rallying higher.
The second shows a deeper retest into the lower demand before heading up.
Both reflect valid bullish continuation setups.
🎯 Target Zone
Target Area: ~$3,800 to ~$4,000
This zone aligns with:
Previous high resistance
Liquidity pool / order block from last major drop
Psychological round number
📌 Ideal area to take profit or start reducing exposure on swing positions.
🧠 Confluences for Bullish Bias
Confluence Description
Break of falling channel ✅ Strong trend reversal signal
Clean bullish engulfing candle ✅ High momentum confirmation
Price broke structure highs ✅ Market structure shifted bullish
Retest zones clearly defined ✅ Logical risk-managed entries
Major resistance ahead ⚠️ Profit-taking zone (plan ahead)
🛠️ Possible Trading Plan
Option 1 – Aggressive Entry (Now)
Enter after breakout confirmation
SL below $2,000 (structure)
TP at $3,800–$4,000
RRR: ~1:3+
Option 2 – Conservative Entry (Retest)
Wait for pullback to $2,000–$2,100
SL below $1,900
TP at $3,800–$4,000
RRR: ~1:4 or higher
🚩 Caution Points
If ETH drops below $2,000 and closes below the demand zone, bullish setup weakens.
If Bitcoin drops sharply, it can drag ETH down too — watch BTC for confirmation.
Always manage risk — avoid FOMO entries after a strong impulse move.
✅ Conclusion
This is a textbook bullish reversal with a clear falling channel breakout, strong momentum, and well-defined support zones. Two bullish projections show smart trading ideas, and the ultimate target around $3,800–$4,000 is logical.
