$ETH
Here's a possible trade setup for ETH/USDC based on the current 12h chart:
đ Trade Setup (Long Position)
â
 Entry Zone:
$4,200 â $4,250
(Buy on a small dip or if it consolidates within this range before breakout)
â Stop Loss:
$4,050
(Below the 21 EMA and just under psychological support â limits risk in case of reversal)
đŻÂ Take Profit Targets:
đŻÂ TP1: $4,420
(Just below recent resistance/high â partial profit to lock in gains)
đŻÂ TP2: $4,500 â $4,550
(If breakout holds, this is a reasonable next resistance zone based on momentum)
đ Technical Analysis (ETH/USDC â 12h Chart)
đ Trend
Current Price:Â $4,292.34
The overall trend is bullish.
Price has bounced strongly from the recent low at $3,354.07, reaching a local high of $4,368.64.
đ EMA Indicators
EMA(9): $4,122.40
EMA(21): $3,944.74
EMA(50): $3,700.00
đ Price is above all three EMAs, which confirms bullish momentum.
đĄÂ MACD
DIF: 167.97, DEA: 119.97, MACD: 48.00
đ MACD is still bullish, but the histogram is flattening slightly, suggesting momentum may be slowing.
đ Stochastic RSI
STOCH RSI: 77.61
MA STOCH RSI: 81.80
đ Both values are in overbought territory, which often signals a possible short-term pullback or consolidation.
đ Volume
Volume is gradually decreasing, which can indicate weakening buying pressure.
đ§Â Short-Term Forecast
â
 Bullish Scenario (more likely):
If ETH breaks above the $4,368 resistance, the next target could be around $4,420â$4,500.
â ïžÂ Bearish/Correction Scenario:
If ETH fails to break the resistance, a pullback to EMA(9) at ~$4,120 or even the $3,950â4,000 zone is possible.
đą/đŽÂ Summary
đ Short-term: Possible consolidation or minor pullback before further move up.
đ Mid-term: Trend remains bullish as long as price stays above $4,000.
#ETH #Ethereumâ