Ethereum Bullish Outlook: Targeting $8,000 During Altcoin Season
2025-01-06
Category: None

BINANCE:ETHUSDT  
 COINBASE:ETHUSD   
 📈Which side you pick? 
Bulls     or      Bears

 SL1 ---> Low-risk status: 1x-2x Leverage
SL2 ---> Mid-risk status: 3x-4x Leverage
(If there is just one SL on the chart, I suggest, low risk status) 

 
 After the alt-season scenario occurs, a very likely target for ETH/USDT is around $8,000. Currently, the price is stabilizing, and if it remains within this zone, a strong breakout could drive the price up to the $8,000 target. 
 In another scenario, if the price breaks below the red zone, a lower dynamic support line could provide protection for buyers around the $2,500 to $2,600 range.
 

 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
 

 ➡️Entry Area:
 Yellow zone

 ⚡️TP: 
4K
5.2K
6K
6.8K (Risk-free level)(if the price reached this level, risk-free your positions.)
8K

 🔴SL: 
2850$

 🧐The Alternate scenario: 
 If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled. 
