ETH/USDT Ready for a Bullish Rally? Key Breakout Levels to Watch
Hey Traders!
Ethereum just delivered a strong move on the 1H chart – let’s break down the setup:
📊 Trend:
Momentum has shifted bullish! ETH has smashed through both the 50 and 200 moving averages, and price is riding above the mid-Bollinger band.
⭐️ Key Levels:
Support:
2
,
589
(
M
A
200
)
,
2,589(MA200),2,572 (Bollinger Middle Band)
Resistance: 2,656 (upper band & recent high), next target 2,690
🔎 Technical Indicators:
RSI: 62 – showing healthy bullish momentum, not yet overbought
MACD: Bullish crossover and expanding, confirming strength
Volume: Notice the volume pick-up on the breakout, increasing conviction!
🎯 Trading Plan:
Direction: LONG
Entry: $2,605
Stop-loss: $2,572 (below recent cluster & MA200 for tight risk)
Take-Profit 1: $2,656
Take-Profit 2: $2,690
💡 Confidence: Medium – watch for follow-through above $2,656 for extra confirmation!
🔥 Extra Notes:
Breakout traders, this could be the push for a new leg up. No bearish divergence on indicators; momentum is with the bulls. Watch closely for any fake-outs – a tight stop keeps risk controlled.
Will ETH keep rallying or will the bears step back in?
Drop your thoughts below! 👇🚀
#ETH #Ethereum #Crypto #TradingSignal #Bullish #Breakout #TradingView
Let me know if you want to tweak it for an even punchier effect or add a custom hashtag!
Ethereum just delivered a strong move on the 1H chart – let’s break down the setup:
📊 Trend:
Momentum has shifted bullish! ETH has smashed through both the 50 and 200 moving averages, and price is riding above the mid-Bollinger band.
⭐️ Key Levels:
Support:
2
,
589
(
M
A
200
)
,
2,589(MA200),2,572 (Bollinger Middle Band)
Resistance: 2,656 (upper band & recent high), next target 2,690
🔎 Technical Indicators:
RSI: 62 – showing healthy bullish momentum, not yet overbought
MACD: Bullish crossover and expanding, confirming strength
Volume: Notice the volume pick-up on the breakout, increasing conviction!
🎯 Trading Plan:
Direction: LONG
Entry: $2,605
Stop-loss: $2,572 (below recent cluster & MA200 for tight risk)
Take-Profit 1: $2,656
Take-Profit 2: $2,690
💡 Confidence: Medium – watch for follow-through above $2,656 for extra confirmation!
🔥 Extra Notes:
Breakout traders, this could be the push for a new leg up. No bearish divergence on indicators; momentum is with the bulls. Watch closely for any fake-outs – a tight stop keeps risk controlled.
Will ETH keep rallying or will the bears step back in?
Drop your thoughts below! 👇🚀
#ETH #Ethereum #Crypto #TradingSignal #Bullish #Breakout #TradingView
Let me know if you want to tweak it for an even punchier effect or add a custom hashtag!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.