$ETH 🚀 SIGN OF BULLISH CONTINUATION 🚀 🚀 🚀 🚀 🚀

📊 Chart Overview (1H – 4H Technical Outlook)

Indicator Status

Price $2,590

Support Zones $2,530 – $2,550 (demand zone), $2,480 (major)

Resistance $2,630, $2,690, $2,730

EMA 20/50 ETH trading above EMA20, EMA50 – bullish alignment

RSI (14) 58 – Mildly bullish

MACD Bullish crossover developing

Trend Short-term uptrend with potential continuation

ETH has reclaimed key EMAs and is showing signs of bullish continuation within a steady channel.

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🎯 Short-Term Trading Strategy

🔹 Scalping/Retracement Trade Setup

Buy Range: $2,545 – $2,560 (on dips)

Take-Profit Targets:

TP1: $2,630

TP2: $2,690

Stop-Loss: $2,500

Risk/Reward: Favorable for low-timeframe traders

🔸 Breakout Trade Setup

Entry: Break and retest above $2,630 with high volume

Target: $2,720 – $2,780

Stop-Loss: $2,580

Note: Monitor 1H volume breakout confirmation

💬 Market Sentiment

Sentiment Factor Status

Community Sentiment Bullish (70% confidence)

Funding Rates Slightly positive

Whale Activity Net accumulation detected

On-Chain Data Strong TVL growth on L2s

Sentiment is improving, driven by Ethereum's pivotal role in Layer 2 growth and upcoming ETF interest buzz.

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⚠️ Risk Assessment

Category Risk Level Comments

Volatility Moderate ETH moves 2–4% daily

Macro Influence High Fed decisions, ETF news impact significantly

Liquidity Very High Safe for both scalpers and swing traders

Fakeouts Moderate Watch for wicks near $2,630 resistance

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✅ Summary

Bias: Bullish continuation

Play: Scalping dips or breakout confirmation above $2,630

📜 Disclaimer

This is not financial advice. All information is for educational purposes. Crypto markets are volatile—always DYOR (Do Your Own Research) and use proper risk management when trading.

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