$ETH /USDT – BULLS SHOW STRENGTH AS PRICE HOLDS ABOVE $2,630, NEXT TARGET IN SIGHT!
$ETH Current Price: $2,630.17
24h Change: +4.36%
24h High/Low: $2,638.50 / $2,492.00
Volume (24h): 450,844 ETH | $1.15B
Timeframe: 1H (Binance)
🔍 TECHNICAL ANALYSIS:
Ethereum is trading in a bullish structure on the 1H timeframe, forming higher lows with increasing volume. The price is holding above $2,630, signaling a strong base building for a possible continuation move.
Immediate Resistance Levels:
$2,638 – Short-term breakout resistance (24h high)
$2,660 – Next upside target after breakout
$2,700 – Major resistance & round-number barrier
Key Support Levels:
$2,620 – Local support zone
$2,600 – Key defense level (previous rejection turned support)
$2,570 – Last major dip zone
📈 TRADE SETUP (LONG):
Entry: On 1H candle close above $2,638
Target 1 (TP1): $2,660
Target 2 (TP2): $2,700
Stop Loss (SL): $2,600
Setup Justification: Break above $2,638 confirms bullish continuation. Clean momentum and strong buying interest suggest upside potential.
🌍 MARKET OUTLOOK:
Ethereum is gaining strength alongside broader market sentiment. With BTC holding firm and ETH volumes climbing, there's potential for ETH to lead the altcoin rally if it maintains above $2,630. Watch for breakout confirmation on hourly close above $2,638.
⚠️ RISK MANAGEMENT:
Risk only 1-2% of your capital. Use stop loss diligently and trail stops once in profit to protect gains.