This technical chart for ETH/USD (Ethereum) on the 1-hour timeframe shows a potential long setup following a period of consolidation.
Trade Execution Details
The setup focuses on a recovery play from a support base.
$ETH Entry Zone $1,933.46 The current support level where the price has stabilized.
Stop Loss (SL) $1,833.64 Positioned below the recent swing lows to manage risk.
Target 1 (TP1) $2,018.88 The first major horizontal resistance level.
Target 2 (TP2) $2,160.16 The final target located at the Liquidity Pool (BSL).
Strategic Logic
Support Base: The price has found significant buyi