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$ETH continues to hold above a strong support region, showing that buyers are still defending the trend. Recent price action suggests accumulation rather than panic selling, while the market structure remains constructive with higher lows forming on the chart.
Long $ETH
Entry Zone: $1,728 - $1,738
Stop Loss: $1,692
Take Profit 1: $1,752
Take Profit 2: $1,775
Take Profit 3: $1,798
Take Profit 4: $1,835
Why This Setup?
• Price remains above a key support area that has attracted consistent buying interest.
• Consolidation near current levels indicates strength and potential energy for the next move.
• Higher lows continue to develop, keeping the bullish structure intact.
• A breakout above nearby resistance could bring fresh momentum and increase buying pressure.
• If momentum continues to build, Ethereum could target higher liquidity zones in the coming sessions.
Risk Management:
Never risk more than you can afford to lose. Consider taking partial profits at TP1 and moving your stop loss to breakeven to protect capital. Successful trading is built on discipline, not leverage.
$ETH #MyGateTradeStory