Is it time to take off? $ETH breaks the silence and prepares for a price explosion
Technical Analysis ETH/USDT – 12-hour time frame (Binance)
Current Price: 2,619.69 USDT
Daily Change: +3.99%
Highest Price in 24 hours: 2,638.50
Lowest Price: 2,492.00
Accurate Technical Analysis:
Technical Indicators:
RSI (6): at 56.53 – gives a signal of approaching positive momentum, but has not entered the overbought area yet.
Bollinger Bands: the price has broken through the middle line (MB at 2,606.27), indicating the beginning of a strong upward wave.
MACD: on the verge of a bullish crossover with a slowdown in negative momentum, an early positive signal.
Recent candles show:
Strong rejection from the level of 2,381.49 (low), and an upward bounce with three consecutive candles.
Staying above 2,575 reinforces the positive scenario in the short term.
Proposed Trading Plan:
Ideal Entry Area:
🔹 Between 2,590 – 2,625 USDT (current price within range)
🔸 Strong support at 2,575 – enter reinforcement if the price returns to test it.
Targets (Take Profit):
First Target: 2,684 USDT (Upper Bollinger Resistance)
Second Target: 2,794 – 2,820 USDT
Third Target (in case of strong breakout): 2,950 USDT
Stop Loss:
Below the support area of 2,460 USDT (below the low of the last reversal candle)
Risk Management:
Split the trade into two entry phases.
Excellent risk-to-reward ratio: ranging from 1:2 to 1:3.5
Ready to take off with ETH? Don’t miss the opportunity
