$ETH

ETH Market Outlook: Key Levels and Trading Signals to Watch

By NoriFtm (Binance Square Write to Earn)

Yesterday’s market action aligned well with our blog’s forecast, as ETH experienced a notable pullback, providing solid opportunities for short positions. Today, the outlook is showing signs of a potential shift. Here’s a breakdown of the current ETH trend across timeframes and strategies:

Trend Overview

4-hour chart: Momentum is tilting bullish, suggesting a possible recovery phase.

1-hour chart: A buy signal has emerged, reinforcing the short-term bullish bias.

30-minute chart: Still awaiting confirmation of a breakout — caution is advised here.

15-minute chart: Indicating a short-term pullback, signaling possible near-term volatility.

Main Strategy: Trend Following

Long setup: Watch for a price breakout above $1,832.98 with 15-minute trading volume exceeding 29.29K. If confirmed, potential targets are $1,859.60 → $1,874.59. Suggested stop loss: $1,816.

Short setup: Monitor for a price drop below $1,807.27 with Money Flow Index (MFI) falling below 50. Downside targets are $1,797.79 → $1,780.02. Suggested stop loss: $1,819.

Secondary Strategy: Range Trading

Within the $1,807 – $1,832 range, consider high sells and low buys, using RSI signals as confirmation. Sell signals may appear when RSI > 70 (overbought); buy signals may appear when RSI < 30 (oversold).

Key Reminder

These strategies are meant to guide — but trading isn’t simply about entry and stop-loss points. Always refer to real-time charts and market conditions to manage risk effectively.

Written for Binance Square Write to Earn by NoriFtm

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