ETH/USDT 1H: Bulls Aiming for $3,280 After Key Bounce !!
ETH/USDT 1H Chart Analysis
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Current Price: $3,124
Market Condition:
Key Levels:
Trade Setup (Confidence Level: 7/10):
Smart Money Analysis:
Recommendation:
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Current Price: $3,124
Market Condition:
- Bearish trend with a bounce from oversold conditions.
- RSI: Bullish divergence at recent lows, indicating potential recovery.
Key Levels:
- Support: $3,040
- Resistance: $3,200, $3,280
- Critical Level: $3,350
Trade Setup (Confidence Level: 7/10):
- Entry Zone: $3,124-$3,140
- Targets:
- T1: $3,200
- T2: $3,280
- Stop Loss: Below $3,020
- Risk Score: 7/10 (manageable with tight risk management).
Smart Money Analysis:
- Accumulation phase visible in the $3,040-$3,080 range, supported by volume profile.
- Market makers likely preparing for a push to test $3,200 resistance.
- Choppy price action expected between $3,100-$3,200 during distribution.
Recommendation:
- Long position is favorable within $3,124-$3,140.
- Monitor volume closely at $3,200 for breakout confirmation toward $3,280.
- Maintain modest position sizes due to recent volatility.
- Confidence Level: 7/10 for a cautious bullish setup.
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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.