$ETH /USDT BULLISH BREAKOUT IMMINENT AS MOMENTUM BUILDS ABOVE KEY LEVELS!
📈 Current Price: $2,635.57
🔍 Change: +$88.34 (+3.47%)
⏰ Time of Analysis: 06:34 UTC
🔑 Key Technical Levels:
Immediate Resistance: $2,680 – recent intra-candle rejection
Major Resistance Zone: $2,720 – breakout level for next leg up
Immediate Support: $2,615 – short-term demand zone
Strong Support Zone: $2,573 – prior consolidation base
Critical Support (Invalidation Zone): $2,528
📊 Technical Overview:
#Ethereum ($ETH/USDT) is showing strong bullish momentum after reclaiming the $2,600 mark with volume confirmation (5.77K). Price has cleanly bounced from $2,573 support and is now challenging minor resistance at $2,680. A breakout above $2,720 would open the door for a strong continuation rally.
EMA alignment and bullish RSI divergence on the lower timeframe add further confirmation to the current momentum.
🟢 Trade Setup (SHORT):
Entry: $2,635 – $2,645
Target 1 (TP1): $2,705
Target 2 (TP2): $2,765
Target 3 (TP3): $2,820
Stop Loss (SL): $2,573 (below demand zone)
🌐 Market Outlook:
With strong buying pressure and reclaim of key levels, Ethereum is positioning for a bullish continuation. If bulls hold $2,615+, we may see ETH attempt $2,800+ in the short to mid-term. Watch out for volume spikes at $2,680 and $2,720 as confirmation triggers.
⚠️ Risk Management:
Use 1-2% of your capital per trade.
Stick to the SL strictly to avoid emotional decisions.
Adjust position size based on your risk appetite and volatility.
