$ETH {future}(ETHUSDT) 📅 ETH/USD Daily Trade Setup (as of
fulldeg
Updated at: 6 hours ago
{"content":"$ETH
{future}(ETHUSDT)
📅 ETH/USD Daily Trade Setup (as of June 29, 2025)
🎯 Strategy: Support Bounce + Bullish Continuation (Higher Low Forming)
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📍 Current Price: ~$2,430
Price is forming a potential higher low above the strong confluence support (~$2,185) and trying to reclaim bullish momentum.
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✅ LONG Setup (Bullish Bias)
🛒 Entry Zone:
Ideal Buy Range: $2,400 – $2,450 (wait for a strong green daily candle to confirm strength)
🛡️ Stop-Loss:
Below is the most recent swing low or invalidation level
Suggested SL: $2,170 (below both daily structure + weekly trendline)
🎯 Take Profit Targets:
1. TP1: $2,680 – recent local high / resistance
2. TP2: $2,950 – psychological resistance zone
3. TP3: $3,250 – major breakout target
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⚖️ Risk-Reward Ratio (approx.):
Risk: ~$230 per ETH (from $2,400 entry to $2,170 SL)
Reward to TP1: ~$280 → RR = 1.2:1
Reward to TP2: ~$550 → RR = 2.4:1
Reward to TP3: ~$850 → RR = 3.7:1
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🔍 Confluence Factors:
Holding above ascending trendline
Support at $2,185 aligning with previous demand zone
MACD histogram on daily likely crossing into positive soon
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🧨 Invalidation:
A daily close below $2,170 would invalidate this setup and favor a deeper correction toward $2,000–$1,850.
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📉 Alternative Short Setup (if breakdown occurs):
If ETH closes below $2,170, consider:
Short Entry: $2,150–$2,170
TP: $1,950 → $1,800
SL: $2,250
RR: Around 2.5:1","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/29/a91b9245e3b848dca0bdf732008c623e.jpg"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}