#ETHUSDT Bullish Breakout Eyes Higher TargetsEthereum / TetherUSBINANCE:ETHUSDTCryptoAnalystSignal#ETH The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue due to overbought conditions. A key support zone has been identified in green at 1806. The price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 1863 Target 1: 1878 Target 2: 1889 Target 3: 1904 You can close at the second target or wait for the third target to be reached. The choice is yours. Stop Loss: At the resistance zone in green. Remember this simple rule: Money Management. Any questions? Please leave a comment. Thank you.