Ethereum (ETH/USD) on the 2-hour timeframe.

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Ethereum (ETH/USD) on the 2-hour timeframe, here's the analysis and target level:


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🟦 Chart Observations:

ETH is in a rising channel.

Price is respecting Ichimoku Cloud support.

A bullish breakout pattern is forming (consolidation above the cloud).

My clearly marked "TARGET 3300" at the top.



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🎯 Target Level:

Primary Target: $3,300

This is the next major resistance and aligns with the top of the projected ascending channel.

Confirmed by your chart annotation.




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📍 Current Price:

$2,964.3 (Sell) / $2,964.5 (Buy) — as shown in the screenshot.



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📈 Strategy Suggestion:

Entry: On break above local consolidation / wedge (~$2,980–3,000).

Target: $3,300

Stop-Loss: Below Ichimoku cloud or lower channel (~$2,850 or tighter).

Support Levels to watch:

$2,815 (highlighted on the chart)

$2,700 (lower channel zone)




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Would you like me to prepare a full trade plan or backtest this setup?

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