$ETH

Ethereum is showing strength above key levels, but a short-term pullback could open the door to a fresh leg up!

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📊 What’s Happening?

Bullish breakout above $3,408–$3,500: Multiple short-term signals confirm momentum, with moving averages aligned and volume picking up around $3,600 .

Overbought levels mean caution: RSI and Stoch indicators are sky-high—prompting a likely cooldown before resuming the climb .

Support zones to watch:

**$3,408–3,500**: Retest could offer a long entry

Lower support: $3,200–3,300 acts as safety net if deeper pullback occurs .

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🎯 Trade Setup Framework

1. Buy the pullback

Aim to enter around $3,500–$3,550 (a softened bounce level)

Target: $3,750 → $4,000 zone, with volume-confirmed breakout

Stop-Loss: Below $3,400 to limit risk

2. Wait for breakout

If $3,750 breaks clean, look for retest → Target $4,000+

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🛡️ Why This Setup Works

Momentum & volume aligned: Buyers are absorbing pressure, and MAs confirm the trend .

Healthy pullbacks fuel rallies: Cooling off from overbought zones typically tightens structure and enables stronger continuation.

Macro picture looks good: Long-term structural strength and institutional interest—like ETF inflows—are reinforcing bullish bias .

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✅ Quick Recap

Factor Level / Range

Entry Zone $3,500–$3,550 (buy the dip)

Stop-Loss < $3,400

Targets TP1: $3,750, TP2: $4,000+

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😊 Final Thoughts

Ethereum’s short-term indicators say “cooldown time,” but underlying structure and volume favor continuation. A pullback towards $3,500ish could be the best launch point for the next bullish wave. Stay sharp, keep risk in check, and ride the momentum!

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Always use proper risk management. This isn’t financial advice—just analysis to inform your trades 😉

— Your friendly Binance Square analyst