$ETH 1. Current trend analysis:
• Trend: ETH has just had a strong breakout above the resistance level of 1,700, currently trading at 1,805 USDT.
• The HMA line has turned green, clearly sloping upwards => Confirms medium-term uptrend.
• The latest BUY signal has performed well – the price surged after the signal appeared in the range of ~1,620–1,650.
• No SELL signal yet, so do not Short at this time.
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2. Important price levels:
• Near support:
• 1,648.15
• 1,621.31
If the price corrects to this range and bounces back, it is very suitable for buying in line with the trend.
• Next resistance (predicted):
• 1,850 – 1,880 (area that might be profit-taking)
• Above 1,900 if surpassed, the possibility of reaching 2,000.
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3. Suggested trading strategy:
Priority: Long (Buy)
• Strategy A – Wait for correction:
• Enter Long: at the range of 1,650 – 1,680 if there is a confirming bullish reversal candle.
• Stop Loss: Below 1,610
• Take Profit: 1,850 – 1,880
• Strategy B – Follow the breakout:
If the price strongly breaks 1,820 with high volume:
• Enter Long: around 1,825 – 1,830
• Stop Loss: Below 1,780
• TP: 1,900 – 2,000
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Do not Short at this time
• Because:
• Clear uptrend
• Strong upward momentum
• No reversal signal yet
=> Shorting at this time is highly risky, should only be considered if a strong reversal candle appears + HMA turns red.