ETHUSDT: Bullish Push to 1978?
ETHUSDT
is eyeing a bullish continuation on the 4-hour chart, with price approaching a key support zone within the ascending channel after recent pullback, converging with a potential entry area that could ignite upside momentum if buyers defend amid volatility. This setup suggests a solid rally opportunity toward the upper resistance zone with close to 1:3 risk-reward.🔥
Entry between 1885–1895 (entry from current price with proper risk management is recommended). Target at 1978. Set a stop loss at a daily close below 1865, yielding a risk-reward ratio of close to 1:3. Monitor for confirmation via a bullish candle close above entry with rising volume, leveraging Ethereum’s strength near support.🌟
📝 Trade Setup
🎯 Entry (Long):
1885 – 1895
(Entry from current price is acceptable with proper position sizing and disciplined risk management.)
🎯 Target:
1978
❌ Stop Loss:
• Daily candle close below 1865
📈 Risk-to-Reward:
Close to 1:3
💡 Will buyers defend the 1885–1895 support zone and drive ETHUSDT toward 1978, or will sellers push below 1865 and invalidate the bullish setup? 👇