$ETH Here is the technical analysis of ETH/USDT (1-hour timeframe) based on the screenshot you sent from Binance:

1. General Trend

ETH is currently in a strong bullish phase. The price surge from below 2,000 to the area of 2,738 indicates significant buying activity (possibly due to major fundamental news such as ETF, staking updates, etc.).

After reaching a high of 2,738.50, the price corrected slightly and is now consolidating at 2,571, very close to local resistance.

2. Technical Indicators

a. MA (Moving Average)

MA(5) is well above MA(10), a strong signal that the uptrend is still active.

However, the price is starting to go sideways — an indication of potential overbought conditions or the formation of a distribution zone.

b. MACD

The histogram is beginning to shrink, and the distance between the MACD and the signal line is narrowing.

This indicates that momentum is starting to weaken, although there are no signs of a bearish cross yet.

c. Volume

Volume has decreased in the last few candles → buyers are starting to slow down.

Be cautious if high volume appears but the price drops sharply → an indication of distribution (smart money exit).

3. Important Levels

Nearest support: 2,448 (24-hour low)

Strong support: 2,210

Local resistance: 2,738

Potential further resistance: 2,800 – 2,850

4. When to Exit?

Profit Exit

If the price fails to break back above 2,700 – 2,750 in the next 1–2 hours, partial exit is highly recommended.

If you have made a profit from an entry below (e.g., <2,200), you can exit in the range of 2,600–2,700 to secure profits.

A breakout above 2,740 with strong volume → can hold until 2,800–2,850, then exit.

Loss Exit / Cut Loss

If the price falls below 2,448 (24-hour low) and a strong red candle appears, a quick cut loss is highly recommended.

Crucial area: 2,400 → breaking below will open space to 2,210 and could signal a trend change.

Conclusion

Ideal scenario: take profits gradually in the area of 2,600–2,750 if there is no strong breakout.

Cut loss if breakdown below 2,448 – 2,400.

Momentum is starting to slow down, so make sure to use a trailing stop or gradual exit.

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