ETH / USDT
Main analysis timeframe: 15m – 1h
Trend:
• Current trend: Consolidation / Weakness. ETH is lagging behind BTC, holding precariously above the psychological support.
• Important price area: $3,000 (Major Support) - $3,080 (Intraday Resistance).
Liquidity Map:
• Liquidity above: $3,085 - $3,100 (Short stops accumulation).
• Liquidity below: $2,980 - $3,000 (High density of Long SLs).
• Liquidity hunting potential: High probability of a wick down to $3,015 to trap early shorts before a bounce.
Funding & OI:
• Current funding: 0.0024% (Neutral/Positive). No signs of overheating.
• OI increase/decrease, signal: OI stable (+1%), suggesting waiting for a breakout direction.
Technical Indicators:
• RSI: 46 (Neutral, flat).
• MACD: Bearish crossover on 1h, but losing momentum.
• Volume: Declining (-3%), indicating a squeeze is coming.
Trade Setup:
• Entry: $3,020 - $3,035 (Limit Order).
• Take Profit (TP): $3,080 - $3,120.
• Stop Loss (SL): $2,990 (Strict below psychological support).
• Bias: LONG (Reversal play).
Click here to trade:
• Reason: ETH is defending the $3k macro support while BTC remains bullish. Risk/Reward is favorable for a scalp to the range high.
Risk Note:
Maintain SL discipline. No FOMO. Only enter if $3,000 holds.