$ETH
๐ **$ETH/USDT Intraday Momentum Alert โ Spot Traders, Take Action!**
Ethereum is currently trading around $2,520 USDT, bouncing within a range of $2,465โ$2,770 today. The early dip toward $2,465 established a solid base, and buyers are now pushing back with strong intent, hinting at bullish momentum building through the day .
โ๏ธ Key Technical Setup & Trade Strategy
Support levels: $2,743 yesterday and the 7โperiod EMA (~$2,686) define the lower zone; defend these for trend continuation .
Resistance to target: Watch $2,800โ$2,835 intraday, with breakout potential to $2,879โ$2,900 if volume picks up .
Indicators: RSI at ~67, MACD histogram positive โ momentum building, though volume needs validation.
๐ Intraday Playbook (12โ24h)
Action Entry Zone TP Zone Stop Loss
Scalp Long $2,750โ$2,765 $2,785โ$2,800 ~$2,745
Breakout Long $2,785+ (on volume) $2,835โ$2,880 ~$2,775
Strategy: Buy dips near $2,750โ$2,765, trail stop just below $2,745. On solid breakout above $2,785 with volume, let profits ride to mid-$2,800s.
๐งญ Why Now?
Cupโandโhandle / ascending triangle patterns targeting $3,000+ if $2,800 breaks .
Moving averages bullish crossover (7 > 25 > 99), indicating sustained upside bias .
Bullish structure: Higher lows and steady defense near EMAs confirm the uptrend .
โ TL;DR
Spot traders should consider grabbing ETH near $2.75Kโ$2.79K, targeting $2.80Kโ$2.90K later in the day. Keep stops tight near $2.74K to manage risk.
Watch for rising volumeโthis is your confirmation signal. Momentumโs building, the pattern is clean, and $ETH might just ride this wave before end of day.