$ETH – EYEING A BREAKOUT ABOVE $2,600! 🔥
$ETH is showing bullish momentum on the 4H chart, currently trading at $2,597.01 (+3.99%). The price just bounced strongly off the $2,470 zone, reclaiming levels above the Parabolic SAR baseline (SAR: $2,495.97) — a key early signal of trend reversal! 📈
📊 Market Overview:
24H High / Low: $2,649.91 / $2,475.00
Volume: 540K ETH / 1.38B USDT
SAR Trend: Bullish flip confirmed
Short-term Resistance: $2,663
Next Major Target: $2,733+
Strong Support Zone: $2,495 – $2,522
💼 What to Watch: If ETH sustains above the SAR and clears $2,663, the next rally could target the $2,733–$2,780 zone again. Momentum is building, and buyer interest is rising (📉Bid/Ask Ratio: 32.53% vs 67.47%).
📈 Trade Idea (Long Setup):
Entry Zone: $2,570 – $2,600
TP1: $2,663
TP2: $2,733
Final TP: $2,788
Stop-Loss: Below $2,495
🔔 A clear break above $2,663 could ignite another wave up — eyes on volume confirmation!
