$ETH — Trade Setup with Entry Strategy

Technical Overview:

Current Price: $2742

24h Change: +6.8%

Local High: $2798

RSI (4h): 74.8 — overbought zone

MACD: still positive, but showing signs of divergence

Long/Short Ratio: up to 2.9, indicating possible crowding in longs

Bullish Scenario (Long):

Entry Condition: Wait for a confirmed breakout above $2800 with a strong 15m or 1h candle closing above $2800 with increasing volume.

Optional Confirmation: Retest of the $2780–2800 zone as support with a bounce.

Take-Profit Targets:

First target: $2850 (recent psychological level)

Second target: $2880 (historical resistance)

Stop-Loss:

Conservative: Below $2720 (last higher low on 1h)

Aggressive: Below $2750 (local intraday support)

Bearish Scenario (Short):

Entry Condition: Price approaches $2780–2800 zone but shows signs of exhaustion:

Long upper wicks

Bearish engulfing or rejection candle on 15m or 1h

Declining volume or divergence on RSI/MACD

Take-Profit Targets:

First target: $2680 (intraday demand zone)

Second target: $2620 (stronger 4h support)

Stop-Loss:

Above $2810 (trap protection)

Can trail if trade moves into profit