Ethereum (ETHUSDT) is gaining strong momentum! It’s currently trading around $2,612.71 with a 4.28% jump. But can this rally hold up? Here's my personal breakdown:
🔍 Important Highlights
1. Bullish Signs Are Dominating:
MACD (14.47) shows a positive crossover – that means buying pressure is building up fast.
OBV (838K) is climbing – heavy buying activity confirms the breakout is legit.
Long Positions at 66.87% – Big players are betting on the upside.
Price is above Bollinger MID-band ($2,532) – That signals a strong upward trend!
2. Some Caution Is Needed:
RSI (6) is at 72.2 – It's entering the overbought zone, which means a small dip could happen.
STOCHRSI at 99.11 – This suggests the market might be overheated in the short term.
Basis is -0.05% – A slight discount in futures may indicate hesitation near the highs.
🎯 Trading Plan
Aggressive LONG Entry Zone: Between $2,590–$2,610
Great spot for a bounce, supported by the MID Bollinger line.
Target 1: $2,650 (the 24-hour high) – take 50% profits.
Target 2: $2,730 (Upper Bollinger Band extension).
Stop Loss: $2,530 (just below the MID Bollinger band).
Ideal LONG Entry: Between $2,520–$2,540
A deeper pullback to strong daily support for a better risk/reward ratio.
SHORT Position? Only consider if ETH fails to break $2,650
Target: $2,550
Stop Loss: $2,670
✅ My Confidence Level
80% Surety in a continued uptrend over the long term (MACD and OBV support this).
Short-term dips may happen due to overbought signals, but those could be solid buying opportunities.
⚠️ Levels to Watch
Support: $2,532 – Key zone to hold.
Resistance: $2,650 – A breakout here could push us toward $2,730!
$Ethereum #ETH #AltcoinSeason #Crypto
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