ETH/USDT 1H: Bulls Aiming for $3,280 After Key Bounce !!ETH/USDT 1H Chart Analysis
🚀 Follow me on Tradingview if you respect our charts 📈
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.
🚀 Follow me on Tradingview if you respect our charts 📈
