📊 1. Where does ETH stand now?
Current range: ETH hovers around $2650 - $2700, testing its recent local highs after bouncing from the support area of $2490 - $2500.
After bouncing off the $2490 level, ETH has regained key moving averages and is now consolidating within a bullish structure.
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📈 2. Key patterns and indicator insights
On the 30-minute chart, we see a classic breakout above the $2,528 - $2,535 level, confirmed by strong bullish candles - indicating that bulls are ready for the next phase.
The bullish flag/pennant on the four-hour timeframe, along with the stabilization of the MACD and relative strength index around neutral, suggests consolidation before a breakout.
The hidden bullish divergence between the price and the relative strength index near the bottom at $2400 suggests a setup for a rise towards $2700 - $2800.
ETH price stabilizes above key moving averages (20/50/100/200 periods) - a strong bullish backdrop across multiple timeframes.
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💡 3. Scenarios and targets
Scenario moving forecast
🔼 Clear bullish breakout closing above the $2700 - $2713 level with trading volume pushing the price to $2800 - $2850, then **$3000 and above**
↔️ Price consolidation: staying between $2600 and $2700, preparing for breakout setup
⚠️ Bearish retracement below $2600, especially below $2550. Potential support test at the $2500 to $2450 level.
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🛠️ 4. Binance Square Trading Plan
Entry Idea: Enter long positions on a confirmed daily close above the $2700 - $2713 level with increased volume.
Stop-loss area: just below $2600 in case of a breakout; if you are buying the dips, use $2500 as a reference.
Profit targets:
Short-term range: $2800 - $2850
Medium-term: $3000+, $3200+, considering flag pole extensions and institutional interest.
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🌐 5. Macro and long-term picture
ETH is gaining institutional support thanks to ETF inflows and ecosystem upgrades like the Pectra network improvement.
The network outperformed BTC in May (+45% vs +10%), boosting ETH/BTC growth and DeFi and smart contracts - leading to renewed interest in altcoins.
Long-term models indicate a price reach of $3200 - $3800 by late 2025 - some even expect the price to hit $4000 or more if the rise continues.
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✅ 6. Final thought from the Binance Square family
1. ETH is testing a key high range (~$2700 - $2713) - a breakout there could lead to over $2800 and eventually $3000.
2. Bullish signals: breakout above local highs, flag breakout, strength of moving average, divergence.
3. Play smart: wait for confirmation or make disciplined dip buys; set clear stop points and targets.
4. The long-term outlook remains strong: institutional flows and technical upgrades keep ETH on a solid footing.
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💬 Hey Binance Square community, what’s your approach? Are you aiming to break the $2.7k barrier or drop to around $2.6k? Share your plan and let’s enhance our strategies together! 🧠✨
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