🧵$ETH : Do the bulls intervene at the intersection of the trend line and the demand zone?
ETH 1H – Critical test of momentum and structure
📉 Current price: $3,583.39
📊 Daily change: -2.84%
🔁 Pair: ETHUSDT (Perpetual)
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🔹 Technical Convergence
- The ascending trend line since mid-July is facing its fourth test after three clean touches.
- The demand zone between $3,430 and $3,500 was a launch point towards $3,800 previously, reflecting strong price memory.
- The price is approaching both zones, creating a high-impact intersection in the short term.
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🔹 Momentum and Setup
- The Stoch RSI indicator is in the oversold area, indicating a potential near-term rebound.
- A complete reset of momentum may allow for a higher low formation, which is a positive sign for buyers.
- A breakout towards $3,900+ is possible if the current structure is maintained.
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🔹 Potential Scenarios
| Scenario | Description | Potential Target |
|----------|-------------|-----------------|
| ✅ Bounce from the intersection | Bullish continuation | $3,850–$3,900 |
| ⚠️ Break of support | Deeper correction | $3,300–$3,250 |
| 🔄 Consolidation | Sideways movement | $3,430–$3,580 |
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🔹 Trading Idea
- Open a long position from the $3,450 area with a stop loss below $3,400 = calculated risk.
- Confirmation of the trend is a clear breakout above $3,600 with strong trading volume.
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📌 The decision is now in the hands of the bulls: Are we witnessing a new rebound? Or will the bullish structure be invalidated?
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