Total Quality
Score
If You Had Traded on This Analysis…
Correct

ETHUSDT
Entry
3,833.4100
2025-08-07
15:37 UTC
Target
4,100.0000
In 2 Days
Fail
3,094.0000
Risk / Reward
1 : 0
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Final PnL
6.95%
P/L: —
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ETHUSDT
Correct

Body
The analysis focuses on Ethereum (ETHUSD) and suggests a potential breakout, aiming for a target of $4100. The critical support level to hold is $3094, representing the 50% retracement level. The analyst notes that this level doesn't necessarily need to be reached, and a swing low formed in August could serve as a bottom. A breakout above the July high is crucial. A 100% extension target of the A wave places resistance at $4400. Jobless claims data release today, could introduce volatility. A smaller timeframe shows a breakout. The target given is $4100.