📈 $ETH Bulls Strike Back! | Smart Trade Setup Ahead 💥
After consolidating below the $2,450 level, Ethereum just blasted through key resistance on the 1H chart, closing a strong green candle at $2,498 with rising RSI at 70+, showing short-term bullish momentum returning fast! ⚡
🔍 Key Observations:🔑👨🏫
✅ 1H RSI broke above 70 = renewed buying pressure ⚡
✅ All EMAs on 1H (20/50/100/200) converged & got reclaimed — a classic momentum reset → bullish continuation possible
✅ Volume spike confirmed breakout strength
📉 Previous rejection zone around $2,500 is being re-tested as support
🔵 Daily (1D) Chart Insight:📊
$ETH daily candle is forming a bullish engulfing pattern
RSI has recovered above 50 → indicating reversal from oversold territory 📊
Price reclaimed 20 & 50 EMA, targeting 200 EMA at $2,600+
🎯 Strategy Plan:🧑💻
Entry: $2,485–$2,500 (retest confirmation)
Targets: $2,565 / $2,620 / $2,710
SL: Below $2,440 (200 EMA on 1H)
Trend Duration: Short- to mid-term (2–5 days)
Bias: Bullish with volume-backed confirmation 📈
📌 If $ETH holds above $2,470 with strength, expect a broader trend shift. Institutions may start loading below $2,600. Ride the move, but protect capital.
💬 “In volatility, be the one who sees opportunity — not risk.”
🔻 Not financial advice. Always DYOR and manage risk.
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