$ETH š š BULLISH MOMENTUM š š
Market Context:
Short-Term Trend: Consolidation or slight recovery after recent decline
Medium-Term Trend: Neutral to bearish unless ETH regains $2,650ā$2,700 level with strength
ETH is currently trading near a key decision zone, likely forming a base before the next move.
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Key Technical Levels:
Support Zones:
$2,500 ā Immediate horizontal support + psychological level
$2,350 ā Major support from prior swing lows
Resistance Zones:
$2,650 ā Near-term resistance (rejection zone)
$2,800 ā Strong resistance from previous highs
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Indicator Outlook (4H or Daily):
RSI:
~40ā45 range = neutral to slightly oversold
Bullish divergence = potential reversal setup
MACD:
Approaching bullish crossover = trend shift possible
Volume:
Sustained above $2B confirms trader interest ā watch for spikes on green candles
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Trade Setups
1. Long Setup ā Bounce from Support
Entry Zone: $2,550ā$2,580 (on bullish confirmation at support)
Stop Loss: $2,480 (below key support zone)
Take Profit:
TP1: $2,650
TP2: $2,800
Risk/Reward: ~1:2+
Trigger: Bullish engulfing or double bottom pattern on 4H, MACD crossover, and RSI uptick