Ethereum (ETH/USD) on the daily timeframe,

11 Mar

Ethereum (ETH/USD) on the daily timeframe,


Chart Analysis:

• Current Price: 1,944.2 USD (as shown in the top bar).

• Support Zone: 1,751 - 1,973 USD (marked as “ENTRY ZONE” in green).

• Resistance Levels:

• 2,751.3

• 2,991.7

• 3,219.5

• 3,523.2

• 3,997.7

• 4,004.0

• Chart Pattern:

• The price has dropped to a strong support zone (ENTRY ZONE).

• Multiple rejections at higher levels are marked with green circles.

• A bullish recovery scenario is projected, showing potential price movement toward 4,000+ USD.



Potential Trading Plan:

• Buy Zone: Around the green “ENTRY ZONE”.

• Target Levels: 2,750 -> 3,200 -> 3,800 -> 4,000 USD.

• Stop Loss: Below the ENTRY ZONE.



This analysis suggests a potential bullish recovery. Are you considering trading this setup?

12 Mar

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