Let me show you exactly why this ETH chart has me adjusting my buy orders right now. That +2.64% surge to $3,050 isn’t random noise it’s the sound of a bullish engine revving. Having traded through three market cycles, I see concrete signals pointing toward $3,200. Grab your charts; we’re diving deep.

Here’s what’s unfolding on this ETH/USDT 4-hour timeframe: Notice how price action broke decisively above consolidation (points 1-3) at position 4? That’s institutional accumulation. Even more telling: the SMA 200 (black line) isn’t just support it’s acting like a springboard. And see that glaring blue "BUY" button dominating the interface? Volume confirms this isn’t a fluke.

Three critical dynamics convince me $3,200 is imminent:

First, the higher highs and higher lows since point 2 establish undeniable uptrend integrity. The next major barrier? That thick horizontal line at $3,200 a psychological magnet where 26% of ETH futures liquidations cluster, according to Coinglass. Second, momentum favors bulls: eight consecutive green 4-hour candles closed above opens, reflecting sustained demand. Third, macro tailwinds matter. Post-Merge staking locks over 26% of ETH supply, creating structural scarcity as whales accumulate. CryptoQuant data shows exchange reserves plummeting to 5-year lows supply shock territory.

But stay sharp two risks could delay our target:

Profit-taking near $3,200 is almost guaranteed (watch for that red "SELL" signal flashing). And should Bitcoin stumble, ETH might retest SMA 200 support near $2,900. Still, with the 4-hour countdown timer ticking toward the next candle close, I’m placing 70% odds on a breakout within 72 hours if two triggers hit: a confirmed close above $3,100 and sustained buy-side volume exceeding $500M/hour.

My move? I deployed 60% of my capital at $3,050. The remaining 40% awaits a decisive close above $3,100. Always set stop-losses below key supports this game rewards discipline, not dogma. Watch these two signals with me: If the SMA 200 holds through the next 4-hour close (02:46:30 countdown), and "BUY" volume stays blue-dominant, we’re likely riding this momentum wave straight to $3,200.

Trade what you see not what you hope. This chart shows buyers firmly in control. But remember: in crypto, trendlines trump tweets.

$ETH

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