$ETH š„ STRONG BUYING PRESSURE š„
š Technical & Chart Overview
š Trend & Indicators
Across timeframes (1H, 4H, daily, weekly), ETH technical signals range from neutral to strong buy, with moving averages, MACD, and momentum indicators forming bullish alignment
RSI (6-period) is extremely overbought (~71.7), indicating potential short-term pullback risk
š£ļø Support & Resistance
Support Zones:
$3,770ā$3,780 coincides with EMA7 and recent intraday lows
$3,716 next horizontal/EMA level if momentum fades
Resistance Zones:
First resistance at $3,886ā$3,895 (breakout pivot)
Secondary at $3,941ā$4,000 ā further upside to $4,200+ on strong continuation
š Market Pattern
ETH recently broke above and reclaimed the $3,835ā3,850 level on elevated volume, forming a potential cup-and-handle breakout structure, with $3,850 turning into short-term support
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š Trading Strategy Framework
š¢ Breakout Continuation (Bullish)
Entry: Close above $3,886ā$3,900 on surge in volume (> ~400K ETH/day)
Targets:
TP1: $3,940ā$3,950
TP2: $4,000 ā $4,100ā$4,200 on momentum
Stop-Loss: ~$3,860 (just below EMA pivot)
R/R: ~1:2 to 1:3
ā”Scalpers: Use 5ā15āÆminute charts to capture quick 0.5ā1% swings near pivot zones with volume spikes or RSI/MACD divergences.
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Execution Tips
1. Await strong candle closes beyond trigger zones before taking trades.
2. Use volume alertsānoting that recent volume has been ~84% below recent averages, weakening conviction .
3. Track order-book depth and institutional wallet flows at pivot levels.
4. Maintain disciplined position sizing (~1ā2% of capital) with tight stop-loss placement.
5. Stay alert for macro or ETF-related news that could influence momentum.
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ā³ļø Disclaimer: This is educational and not financial advice. Crypto markets are speculative and volatile. Always manage risk, DYOR, and trade responsibly.
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