ETH/USD

February 26, 2025

Currently, the ETH/USD currency pair is in a downtrend. As indicated by recent price action and technical indicators on the chart, the pair has been consistently moving lower, suggesting a bearish sentiment in the market, here’s the suggested trading setup with Take Profit (TP) and Stop Loss (SL) levels for a sell position on ETH/USD:

Sell Position:

  • Entry Price: 2346.72 (enter a sell position as the price drops)
  • Take Profit (TP): 2299.63 (expected target level in the downtrend)
  • Stop Loss (SL): 2438.13 (above recent resistance to limit risk)

Buy Position (if Stop Loss is triggered):
If the price goes above 2438.13 (indicating a possible reversal):

  • Buy Entry Price: Above 2438.13
  • Take Profit (TP): 2476.91 (next resistance level)

Category