Technical analysis by cyscalpingvip about Symbol ETH: Buy recommendation (3/15/2025)

cyscalpingvip

🔥 ETHUSDT (4H) Analysis - Support, Resistance & Profit OpportunitiesBased on the ETHUSDT (4H) chart, here are key support and resistance zones that can guide your trading decisions.⸻📌 1. Key Support & Resistance LevelsPrice Level (USDT)RoleSignificance2,858.82Strong ResistanceSell target if price tests this level2,732.76Fibonacci 0.886 ResistancePotential retracement point2,622.17Fibonacci 0.786 ResistanceKey level for bullish continuation2,436.40Fibonacci 0.618 ResistanceIf broken, potential bullish trend shift2,305.91First ResistanceBreaking above could lead to further gains2,125.10First SupportKey level for buyers to step in1,928.14Current PriceAttempting recovery1,861.48Secondary SupportImportant level for a rebound1,753.00Strong SupportIf broken, potential further downside1,492.03Stop Loss LevelBelow this, long-term downtrend risk increases⸻📊 2. Trading Strategies💰 ✅ Long (Buy) Strategy•Wait for a retest at the support zone 1,861 - 1,753 USDT•Set a Stop Loss below 1,700 USDT•Target Take Profit (TP) levels at 2,125 - 2,305 - 2,436 USDT🔥 Aggressive Entry:•If the price breaks above 2,305 USDT with strong volume, consider a Follow Buy targeting 2,436 - 2,622 USDT⸻📉 ❌ Short (Sell) Strategy•If price rejects at 2,305 - 2,436 USDT with bearish signals (Bearish Engulfing / Shooting Star)•Set a Stop Loss above 2,450 USDT•Target TP levels at 2,125 - 1,928 - 1,861 USDT⚠️ If price breaks below 1,753 USDT, it may drop further to 1,500 USDT⸻🔎 3. Key Signals to Watch✅ If price breaks 2,305 USDT with high volume, bullish continuation is likely.❌ If price gets rejected at 2,305 - 2,436 USDT, a pullback may occur.⚠️ If price breaks below 1,753 USDT, strong selling pressure could follow.⸻💡 Summary•ETH is recovering from 1,928 USDT support•Breaking 2,305 USDT could lead to 2,436 - 2,622 USDT•Failure to break could result in a retest of 1,861 - 1,753 USDT