Here’s a quick signal breakdown based on the $ETH
/USDT chart you provided (1-hour timeframe):
Current Price: $2,553.49
Change: +3.27% (24h)
24h High/Low: $2,615.95 / $2,442.40
Volume: ETH 717,610.61 | USDT 1.81B
Recent Trend: Recovery from $2,442.40 to $2,615.95, slight pullback, and now consolidating near $2,550.
Signal: Short-Term Bullish
Justification:
Higher Lows: Recovery from the $2,442.40 low suggests upward momentum.
Volume: High volume confirms strength behind the price move.
Green candles dominate: Last several candles show bullish control, despite minor corrections.
Possible Play:
Entry Point: If it holds above $2,530–$2,540 support, consider long positions.
Target: Retest of $2,615, possibly $2,624.
Stop Loss: Below $2,510 or $2,500 for tight risk management.
Would you like me to turn this into a trade alert format or include indicators like RSI, MACD, etc., for deeper analysis?