ETH Ready for Lift-Off: Traders Eye +14% Surge Toward $2,813

Ethereum has been consolidating in a large sideways range after recovering from a steep decline earlier this year. The chart clearly shows a defined support zone and key resistance area, with price currently trading just above mid-range and attempting to reclaim bullish momentum.

Chart Structure Highlights
• Support Zone: Around $2,231 – $2,232, which has been tested multiple times and held firmly, confirming strong demand here.
• Key Resistance / Take Profit Area: Near $2,813, a major level where price was repeatedly rejected in the past.
• Consolidation Box: A ~50-day range between support and resistance, suggesting accumulation.
• Recent Price Action: ETH is attempting to break out of the upper side of this consolidation, with buyers gradually stepping in.

Trade Setup
✅ Entry Zone: $2,450–$2,460
ETH is currently near this area, which represents a conservative breakout attempt from the range. Traders may look for confirmation candles closing above $2,460 for added conviction.
✅ Stop Loss: $2,231
Placed just below the lower edge of the support zone to protect against a failed breakout and renewed selling.
✅ Take Profit Target: $2,813
This is the key resistance level marked on the chart, offering approximately +14% upside from the entry.

Reward-to-Risk Profile
• Potential Reward: ~$353 (+14.3%)
• Potential Risk: ~$228 (-9.2%)
• Reward:Risk Ratio: ~1.55:1

Summary of the Setup
Ethereum has spent nearly 50 days consolidating between $2,230 and $2,813, and is now threatening a breakout to the upside. This creates a favorable swing trade scenario with a clear invalidation level below the strong support zone. A sustained move above the consolidation could target the $2,813 resistance in the coming weeks.