Ethereum (ETH) is currently forming a classic Cup and Handle pattern, a bullish continuation indicator. A potential breakout above the resistance at 3770 could signal a strong buying opportunity.
Trade Setup: • Entry Point: Breakout confirmation above 3770. • Stop Loss (SL): Set around 3680 to manage risk effectively. Targets (TP) 1. TP1: 3860 – Risk-reward ratio of 1:1. 2. TP2: 3950 – Risk-reward ratio of 1:2.