🚨 WATCH CLOSELY $ETH - Technical Analysis (1H TF) 🚨
📈 Trend: Bullish momentum post-breakout, now in consolidation phase.
🧭 Price: $1795.20
🟢 Above MA 7, MA 25, and MA 99 = Short to mid-term uptrend intact.
📊 Bollinger Bands:
Price hugging upper band 🎈 → Still strong buying pressure
Watch for squeeze → volatility incoming
📉 MACD:
Bearish crossover brewing ⚠️
Momentum slowing, possible pullback ahead
💪 RSI:
At 62 → Bullish zone but nearing overbought.
Caution for short-term correction 😬
📦 Volume:
Volume surged during rally, now fading 📉 → Buyer exhaustion?
🎯 Trading Plan:
🟢 Bullish Scenario (Breakout Play):
📥 Entry: $1825+ (confirmed breakout)
🛑 SL: $1785
🎯 TP1: $1850
🎯 TP2: $1880
🎯 TP3 (extended): $1920+
🔻 Bearish Scenario (Retracement Play):
📥 Entry: Below $1760 (breakdown w/ volume)
🛑 SL: $1795
🎯 TP1: $1720
🎯 TP2: $1700
🎯 TP3 (extended): $1655
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📌 Disclaimer: Not financial advice. Do your own research. Trade responsibly. 💼