๐ ๐๐๐/๐๐๐๐ โ ๐๐ฎ๐ฅ๐ฅ๐ฌ ๐๐ซ๐๐๐ค ๐๐ฎ๐ญ, ๐๐๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐ง ๐๐ข๐ ๐ก๐ญ ๐ฅ
Ethereum just exploded past all key moving averages on the 4H chart with surging volume and breakout momentum. After bouncing from the $2,373 low, ETH is now aiming for higher zones โ but short-term indicators suggest cautious optimism is needed.
๐ Trade Setup (4H Timeframe)
๐น Entry Zone: $2,570 โ $2,600
๐น Stop Loss: $2,499 (below MA cluster & last structure low)
๐น Targets:
โช๏ธ T1: $2,640
โช๏ธ T2: $2,680
โช๏ธ T3: $2,720
๐ Indicators Breakdown
โ MACD: 7.30 โ confirms strong upward momentum.
โ RSI (6): 83.26 โ overbought, expect a minor pullback or consolidation.
โ RSI (14): 69.17 โ nearing overbought, watch closely for exhaustion signals.
โ MA Levels:
MA(7): $2,456
MA(25): $2,460
MA(99): $2,444
ETH broke above all moving averages, turning them into dynamic support.
๐ What Traders Should Watch
โ ๏ธ ETH is technically overbought in the short-term (RSI 6 > 80)
๐ง Smart strategy: Wait for a retest toward $2,550โ$2,560 before adding size
๐งฑ Major resistance sits around $2,640โ$2,680 โ trail stops as targets are approached
๐ Volume spike is healthy, but needs continuation next 1โ2 candles for confirmation
๐ง Pro Tip
โOverboughtโ doesnโt mean โcanโt go higher.โ But itโs high risk to enter late. Look for price + RSI divergence or a calm pullback to re-enter confidently.
โ Summary
ETH is bullish above $2,560, with potential for a run to $2,700+.
Just avoid chasing too high โ pullbacks are healthy in strong trends.