Trade setup: After getting rejected 3x at $2,400 resistance, ETH finally had a bullish breakout from Sideways Channel ($2,150 - $2,400), which signals resumption of uptrend, with upside to $2,750 next. Stop Loss (SL) at $2,270 (5% below breakout level). ETH is likely to benefit from upcoming launch (May 2024) of Ethereum Spot ETF. Which related altcoins will benefit?
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $2,150 (previous resistance), then $2,000. The nearest Resistance Zone is $2,400, which it broke, then $2,750.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $2,150 (previous resistance), then $2,000. The nearest Resistance Zone is $2,400, which it broke, then $2,750.