$ETH
📊 Market Snapshot
Live Price: ~$3,110.70 (24h range: $2,942.77–$3,143.94)
Volume & Market Voice: Volume spiked alongside open interest in futures/options, a bullish indicator .
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🔍 Technical & On-Chain Analysis
On-chain momentum: MVRV bands signal healthy profit-taking, while on-chain metrics validate continued upside; CCN suggests ETH could climb toward $4,900 long-term .
Price action: ETH has broken $3,000, forming a classic bull flag; weekly 0.618 Fib resistance sits at ~$3,061, a key inflection .
**Moving Averages & Oscillators:**
ETH is trading above all key EMAs (20 to 200), solidifying a bullish structure .
RSI ~72 (overbought); MACD bullish; ADX confirms strong trend .
Support/Resistance:
Support Zones: $2,972 (Bollinger Middle 4h), $2,945 (4h EMA20), $2,814 (4h EMA50); below that, deeper support near $2,700–$2,800 .
Resistance Levels: Near $3,061 (Fib .618), then $3,260 (low liquidity), followed by $3,524 (Fib .786) .
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🎯 Trade Strategy
🟢 Swing / Position Long
Entry Zone: $3,000–$3,030 (on slight retracement)
Stop Loss: $2,945 (below 4h EMA20 support)
Targets:
1. TP1: $3,061 (0.618 Fib)
2. TP2: $3,260 (next resistance)
3. Extension: $3,524+ (Fib .786) or higher toward $4,900 long-term
⚡ Intraday Momentum Play
Breakout Entry: Above $3,143 (today’s high) on strong volume
Stop: $3,100
Target: $3,260 → $3,300
⚠️ Defensive / Pullback
Short Entry: If price drops below $2,945–$2,972
Stop: $3,000
Targets: $2,800 → $2,700
