$ETH 🚀 BULLISH MOMENTUM 🚀
Chart Overview & Technical Context
Price & Range
ETH is trading around $4,657.58, swinging between $4,265.59 and $4,674.11 today —a ~10% intraday range, highlighting strong volatility and trader activity.
Trend Indicators
Moving Averages (5-200 day) are all bullish, indicating a strong uptrend—ETH is well above major averages .
RSI (~74) is in overbought territory, cautioning that short-term exhaustion could occur .
Momentum Tools
MACD is positive and elevated, reinforcing bullish trend, but extreme values may precede consolidation .
ADX (~33) indicates a strong trend is in place .
Pivot Zones
Key pivot data suggests the following levels:
R1: $4,307
S1: $4,265
Additional resistance around $4,375, swing levels based on Fibonacci pivots .
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Trading Strategy
Strategy Type Entry Conditions Stop-Loss Targets
Dip Entry Buy on pullback toward $4,500–$4,550 Below $4,450 $4,700 → $4,800
Trend Continuation Enter on breakout above $4,675–$4,700 Below $4,625 $4,800 → $5,000
Take-Profit / Scale-Out Lock partial gains above $4,700–$4,800 N/A Incremental profit management
Strategy Breakdown
1. Dip Entry
Entry: Around $4,500–$4,550 if ETH pulls back from highs—offer good risk:reward.
Stop: Below $4,450 to protect against deeper retracement.
Target: Initial bounce to $4,700, with extension potential to $4,800 if momentum resumes.
Risk Management & Execution Tips
Maintain position sizing such that ≤ 2% of your capital is risked per trade.
Use confirmations—volume and closing price
Why This Works
Your plan aligns with trend-follow and price-action best practices:
1. Strong technical backdrop (MA alignment, ADX support) offers foundation for continuation.
2. Overbought RSI suggests patience—waiting for pullbacks or confirmation of breakouts reduces risk.
3. Clear level structure gives precise zones for entries, stops, and profit targets.
4. Volume and multi-timeframe signals add weight to trade decisions, separating impulse from noise.
