$ETH ๐ ๐ฅ ๐ช STRONG BULLISH SIGNS ๐ฅ
๐ง Ethereum (ETH) โ Short-Term Strategy & Technical Overview
๐ฉ Market Snapshot:
Current Price: $2,778.89 USDT
24h Volume: $2.04 Billion
Trend: Recovering with bullish pressure building
24h Change: Mild upward movement (~+1.5%)
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๐ Technical Analysis
โ Support Levels:
$2,720 โ Minor support from EMA-50 (1H & 4H)
$2,640 โ Strong horizontal support, previous resistance flip
๐ซ Resistance Levels:
$2,820โ$2,850 โ Short-term resistance zone
$2,920โ$2,950 โ Major resistance and prior local top
๐ Indicators:
RSI (1H & 4H): 58โ61 โ Neutral-Bullish (room to run)
MACD: Bullish crossover on 4H; momentum strengthening
Volume: Consistent; higher than 7-day average
Bollinger Bands: Tightening โ breakout likely ahead
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๐ฏ Short-Term Trading Strategy
โฑ Scalping (15min โ 1hr):
Entry: $2,750โ2,770
TP1: $2,820
TP2: $2,850
SL: Below $2,720
Leverage: 3xโ5x max (if using futures)
๐ Intraday/Swing Setup (1โ2 Days):
Bullish Confirmation: Close above $2,850 with volume
TP1: $2,920
TP2: $2,980โ3,000
SL: $2,700
Setup: Ideal for breakout traders looking for $3K psychological resistance test
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๐ Market Sentiment
Funding Rate: Slightly positive (mild long interest)
On-chain: Whale accumulation seen in the $2.6Kโ2.7K range
Narrative: ETH strength is tied to optimism over L2 growth and Ethereum ETF tailwinds
Risk Assessment
Resistance Clusters: $2,850โ$3,000 is historically sticky
Macro Uncertainty: Any regulatory shocks or macro FUD (like rate hikes) can reverse momentum
Volatility: Weekend trading and low liquidity can amplify sudden moves
Overbought Signals: If RSI pushes above 70 on the 4H, monitor for pullback
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๐ Disclaimer
This content is for educational and informational purposes only. It is not financial advice. Crypto markets are highly volatile and involve substantial risk. Always DYOR (Do Your Own Research) and consider your risk appetite before trading.