Updated Analysis $ETH
Comparison with Yesterday:
- Sustained Increase: Price rises from 2743.2 to 2833.7 (+3.3%), maximum at 2857.09 (new high from 03/02).
- Expanding Value Area (VA): 2723.4–2788.2 (vs 2640–2779 yesterday), with POC at 2772.0 (dynamic support).
- Moderate Volume: Peaks <6k ETH (vs 17k yesterday), accumulation signal without excessive selling pressure.
Key Levels
- Supports:
- POC (2772.0): Base for new increases.
- VA Low (2723.4): Lower limit of fair value.
- Resistances:
- VA High (2788.2): Passed, now support.
- Profile Range High (2854.2): Immediate target.
Scenarios and Actions
1. Continue Rally (Hold above 2854.2):
- Conditions: Volume >5k ETH and close above 2854.2.
- Actions: *Long* to 2900 (liquidity gap), SL 2800.
- Extension: Break 2900 target at 3000 (historical resistances).
2. Retest of VA High (2788.2) as Support:
- Conditions: Pullback with low volumes (<3k ETH).
- Actions: *Long* to 2788.2 (VA high), SL 2755. Target 2854.2.
3. Breakout of POC (2772.0):
- Conditions: Close below 2772.0 with volumes >6k ETH.
- Actions: *Short* towards 2723.4 (VA low), SL 2800
Trading Strategy
- Intraday:
- Buy on retest 2788.2 (target 2854.2), SL 2755.
- Breakout 2854.2 → add long, trailing SL 2%.
- Swing Trading:
- Hold long above 2772.0 (POC) with scaled take profits (2854.2, 2900).
- Sell-off below 2772.0: Short towards 2723.4, SL 2800.
- Risk Management:
- Max risk 1.5% per trade.
- Beware of false breakouts: confirm with closes and volume.
Conclusion: Uptrend strengthened, but proximity to 2854.2 (key resistance) calls for caution. Priority to defend 2788.2 (former VA high) as dynamic support. Low volume suggests possible corrections, but structure favorable to bulls.