🚀 #ETHUSDT : Breakout Mode! Short-Term Caution, But Bulls Are Charging 🔥
ETHUSDT is surging! Currently at $2,612.71 (+4.28%), but can the rally hold? Here’s my take:
🔍Key Insights
1. Bullish Momentum:
- MACD (14.47): Positive crossover → Bullish acceleration!
- OBV (838K): Massive buying volume confirms breakout.
- Long Dominance: 66.87% of positions → Whales backing upside.
- Bollinger Break: Price above MID-band ($2,532) → Trend strength!
2. Warning Signs:
- RSI(6) at 72.2: Overbought → Pullback likely soon.
- STOCHRSI (99.11): Extremely overbought → Exhaustion risk.
- Basis (-0.05%): Slight futures discount → Caution near highs.
### 🎯 Trade Strategy
- Aggressive LONG Entry: $2,590-$2,610** (Current dip + MID Bollinger support).
- TP1: $2,650 (24h High) → 50% take profit.
- TP2: $2,730 (Upper Bollinger extension).
- SL: $2,530 (Below MID Bollinger).
- Ideal LONG Entry: $2,520-$2,540 (Deep retest + Daily support) → Higher reward.
- Short Setup ONLY if price rejects $2,650:
- TP: $2,550, SL: $2,670.
### ✅ Surety Rate:
- 80% Confidence in LONG-term uptrend (MACD + OBV alignment).
- Short-term pullback risk (RSI/Stoch), but dips are buying opportunities!
### ⚠️ Key Levels:
- Support: $2,532 (MID Bollinger) → Critical hold!
- Resistance: $2,650 → Break this = $2,730 next!
#Ethereum #ETH #AltcoinSeason #Crypto
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