๐จ BUY ALERT โ $ETH /USDT ๐
Entry Price:ย 2,520.00 to 2,535.00 (Buy on the dip)
Current Price:ย 2,533.23
Take Profit Targets:
Tp1: 2,560.00
Tp2: 2,600.00
Tp3: 2,650.00
Tp4: 2,700.00
Stop Loss:ย 2,475.00 (recent local support/24H low)
Trade here ๐ $ETH /USDT
๐ Why this trade:
Strong bullish momentum:ย Price has surged above key moving averages (EMA21 at 2,517.46 and MA50 at 2,504.44), with a clear breakout and strong green candles on the 15-minute chart, indicating buyers are in control1.
RSI trending up:ย RSI is currently 71.94 on the 15-minute chart, showing strong buying pressure, but not yet in extreme overbought territory on higher timeframes. Recent daily RSI readings (58โ62) also support further upside before overbought conditions are reached34.
Volume spike:ย Noticeable increase in trading volume confirms the strength of the move, supporting the bullish case14.
MACD bullish crossover:ย The MACD line is above the signal line, suggesting continued upward momentum4.
Market sentiment:ย Technical indicators and on-chain data point to bullish sentiment, with ETH showing resilience and potential for further gains, especially if Bitcoin and tech stocks remain strong234.
๐ Important Note:
Always check Bitcoinโs price action and momentum before entering! If Bitcoin shows sudden weakness or high volatility, it can impact ETHโs price. In such cases, avoid new ETH entries to manage your risk.
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