$ETH Technical Overview (4H Chart)

Current Price: ~$2,621

Trend: Strong uptrend with consolidation after peaking at ~$2,738.

EMA Analysis:

Price is above all major EMAs (7, 25, and 99), indicating bullish momentum.

EMA(7): $2,594 | EMA(25): $2,552 | EMA(99): #$2,246

MACD:

MACD is slightly negative (MACD: -8.05), but histogram is flattening—potential for bullish crossover.

RSI(6): 66.37 – Near overbought zone, but not extreme; room for continuation.

Volume: Increasing toward the right side of the chart, indicating strong interest during the last rally.

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Intraday Trading Signal:

Setup: Bullish continuation after brief consolidation. Waiting for a breakout above recent resistance.

Entry Point(s):

Aggressive Buy: $2,630 (early breakout entry above consolidation zone)

Conservative Buy: $2,660 (confirmation above recent highs)

Stop-Loss Placement:

Tight SL: $2,570 (below EMA(7) and recent local support)

Wider SL: $2,525 (below EMA(25) and stronger support zone)

Take-Profit Target(s):

TP1: $2,700 (psychological round number + near previous high)

TP2: $2,735–$2,740 (test of the recent high)

TP3: $2,790–$2,800 (potential breakout extension target)

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Risk Management Notes:

Risk/reward ratio on the conservative entry (e.g., $2,660 with $2,570 SL and $2,740 TP) is approximately 1:1.

Adjust position size based on volatility and risk tolerance.

Watch for MACD bullish crossover or RSI breaking above 70 for further confirmation.