Ethereum is currently being traded at $2100. A potential bullish scenario may unfold if there is a weekly close above $2130, which could initiate a rally towards $2700, encountering minimal resistance in higher timeframes (HTF). On the flip side, the bullish outlook would be invalidated if there is a close below $1890. To keep it short, I am bullish unless it breaks below $1900.
Futures Trade Setup: - Long entry: Between $1923 and $2110
Targets: - $2389 - $2522 - $2722
Stop Loss (SL): $1890
Risk-Reward Ratio (RR): 1:4
Disclaimer: This information is not financial advice, and it is crucial to conduct your own research before making any trading decisions.
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