ETH/USDT 1H: Bulls Eyeing $3500 After Breakout
ETH/USDT 1H Chart Analysis
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Confidence Level: 8/10
Current Market Structure:
Key Levels:
Smart Money Activity:
Trade Setup:
Risk Analysis:
Market Maker Activity:
Recommendation:
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Confidence Level: 8/10
Current Market Structure:
- Bullish after breaking the premium zone at $3400, currently consolidating.
- Hidden bullish RSI divergence forming on the 1H timeframe.
Key Levels:
- Premium Zone: $3440-$3460
- Equilibrium Zone: $3380-$3400
- Discount Zone: $3200-$3220
Smart Money Activity:
- Accumulation phase complete.
- Distribution likely in the $3460-$3480 range.
Trade Setup:
- Entry Zone: $3380-$3400 (scale in).
- Targets:
- T1: $3460
- T2: $3480
- Stop Loss: Below $3340 (recent swing low).
Risk Analysis:
- Risk Score: 7/10 (moderate risk due to extended move).
Market Maker Activity:
- Accumulation at current levels with potential push toward the $3500 zone.
Recommendation:
- Long position recommended with tight stops.
- Monitor volume and RSI for continued bullish momentum.
- Confidence Level: 8/10 for bullish continuation.
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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.
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.