ETH/USDT 1H: Bulls in Control – Eyeing $3,500 Next!
ETH/USDT 1H Chart Analysis
🚀 Follow me on TradingView if you respect our charts 📈Daily charts!
Market Condition:
Key Levels:
Trade Setup (Confidence 8/10):
Smart Money Analysis:
Recommendation:
🚀 Follow me on TradingView if you respect our charts! 📈Daily charts!
🚀 Follow me on TradingView if you respect our charts 📈Daily charts!
Market Condition:
- Price: $3,380, showing strong bullish momentum after breaking premium zone.
- RSI: 65.48, indicating room for upside but nearing overbought territory.
- Volume: High, confirming breakout above previous range highs.
Key Levels:
- Support: $3,225 (Equilibrium).
- Resistance: $3,425 (Premium Zone).
- Risk Level: 8/10 (High volatility expected).
Trade Setup (Confidence 8/10):
- Entry: Wait for a pullback to $3,325 - $3,350 before entering.
- Targets:
- T1: $3,425 (Premium Zone).
- T2: $3,500 (Psychological Level).
- Stop Loss: Below $3,280 (Last swing low).
Smart Money Analysis:
- Institutional Buying Pressure: Visible in strong breakouts above previous highs.
- No significant divergences present.
- Market Makers Likely Accumulating before next leg up.
- Volume Profile Supports bullish continuation.
Recommendation:
- Look for long positions on pullbacks—current price slightly extended.
- Avoid chasing longs at these levels, wait for confirmation.
- Monitor volume on retest of $3,325 - $3,350 for ideal entry.
- Confidence Level: 8/10 for bullish continuation.
🚀 Follow me on TradingView if you respect our charts! 📈Daily charts!
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.