$ETH /USDT: Trend Outlook Based on Candlestick Momentum
As of the latest hourly chart, **ETH/USDT** shows signs of building strong upward momentum — but not without caution flags.
The last few candles display an impulsive breakout from consolidation, suggesting bullish aggression. However, the most recent candle has a long upper wick, signaling potential temporary resistance around \$3,698.
This formation could trigger a brief pullback toward \$3,650–\$3,660 before another leg up.
Expected Move:
If $ETH holds above \$3,650:
* Short-Term Target 1: \3,698 (local high)
* Target 2: \$3,736 (swing high resistance)
* Extended Target: \$3,770–\$3,800 if volume follows through
However, a strong rejection candle or close below \$3,627 (EMA25) could flip short-term sentiment to neutral.
ETH is gearing up for a breakout, but bulls must defend support levels or risk losing momentum