ETH/USDT 1H: Bullish Breakout Holding – Next Stop $2,175?ETH/USDT 1H: Bullish Breakout Holding – Next Stop $2,175?
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Current Market Conditions (Confidence: 8/10):
Price at $2,043, maintaining strong momentum following a breakout.
RSI at 67.54, approaching overbought territory but still has room for continuation.
Clear break above previous resistance at $1,925, confirming bullish structure.
No significant bearish divergences present, reinforcing continuation potential.
LONG Trade Setup:
Entry: $2,035 - $2,045 zone.
Targets:
T1: $2,100 (short-term resistance).
T2: $2,175 (extended target).
Stop Loss: $1,925 (below recent support).
Risk Score:
6/10 – Lower risk due to strong structure, but resistance at $2,200 remains a key level to
monitor.
Market Maker Activity:
Accumulation evident at higher levels, with minimal selling pressure.
Clean breakout above resistance suggests further bullish continuation.
Key resistance ahead at $2,200, with strong support at $1,875.
Recommendation:
Long positions remain favorable within the $2,035 - $2,045 entry range.
Watch $2,100 and $2,175 for profit-taking zones.
Monitor volume on the approach to $2,200 to confirm breakout strength.
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