ETHUSDT

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ETHUSDTEthereum / US DollarCOINBASE:ETHUSDRoohullahAli1999This is a TradingView daily (1D) chart of ETH/USD (Coinbase) with a market structure and swing-trading setup drawn on it. Chart Breakdown Timeframe: 1 Day (1D) Asset: Ethereum (ETH/USD) Current Price: Around $1,911 Bias Illustrated: Bullish continuation after accumulation. What the markings mean Major Swing High The upper horizontal line around $2,370–2,390 marks the previous resistance where buyers were rejected. This is the long-term target area. Previous High The line labeled HIGH (around $2,140) identifies an intermediate swing high. It serves as an important market structure level. Previous Low The line labeled LOW (around $1,730) marks the significant swing low after the selloff. Holding above this low keeps the bullish recovery intact. Current Structure ETH formed a sharp decline. It then created a base around $1,550–1,700. Price has recovered and is consolidating just below the $1,950–2,000 resistance. Resistance Zone The horizontal line near $2,000 is the nearest resistance. A daily close above this level would indicate a bullish breakout. Trade Idea Shown The blue/red rectangle is a long-position risk-reward tool. Entry: Around $1,900–1,930 Stop Loss: Around $1,850 Take Profit: Around $2,290–2,300 Risk-to-Reward: Approximately 1:4 to 1:5, which is a favorable setup. Expected Price Path The drawn arrow suggests: Small pullback after entry. Break above $2,000. Retest of the breakout. Strong continuation toward $2,350–2,400. Overall Technical Bias The chart reflects a bullish market structure because: Higher lows are developing after the June bottom. Price is consolidating beneath resistance rather than rejecting sharply. The trade targets the previous supply zone while risking only a move below recent support. The key confirmation is a daily close above $2,000. Failure to hold above roughly $1,850 would invalidate the bullish setup and increase the probability of another move toward the lower support around $1,750–1,700.