ETH Price Surge: My Analysis & Trade Plan
Ethereum is on fire right now, blasting up
8.23% to $4,638.89 and showing no signs of
losing steam โ at least for now.
๐ Key Levels & Market Setup
Price Action: ETH has traded between
$4,256.92 and $4,656.24 in the past 24
hours. Major resistance sits at $4,656.24 and
$4,759.57, with key support at $4,296.53
(EMA7), $4,256.92 (24h low), and $3,841.92
(EMA25).
Trend Strength: The moving averages are
stacked bullishly โ Price > EMA(7) >
EMA(25) > EMA(99) โ a textbook uptrend.
Overbought Warning: RSI(6) is at 86.87 and
Stoch RSI is at 94.52, meaning ETH is
running extremely hot. This could invite a
pullback.
Volume Concern: Current volume is 115K
ETH, nearly 80% below average, signaling
that this rally is happening without strong
participation โ a potential bearish
divergence.
โณ Short-Term View (Next Few Hours)
Iโm watching for possible rejection in the
$4,656โ$4,760 range, which could send
ETH back toward $4,300โ$4,400 (EMA7
zone).
๐ Next 24 Hours
Bullish Scenario: A daily close above $4,760
with >500K ETH volume opens the door to
$4,900โ$5,000.
Bearish Scenario: A break below $4,256.92
would likely push ETH toward $4,000โ
$3,842 (EMA25).
๐ฏ My Trade Plan
Primary Strategy: Buy the Dip
Entry Zones:
Zone 1: $4,300โ$4,350 (EMA7 + 24h low)
Zone 2: $4,000โ$4,100 (EMA25 +
psychological support)
Stop-Loss:
Zone 1: $4,250
Zone 2: $3,950
Take-Profit Targets:
TP1: $4,500
TP2: $4,656
TP3: $4,900
Confirmation: I want to see RSI(6) cool to 50โ
60 and volume spike above 300K ETH
before loading up.
Bottom line: The trend is undeniably bullish,
but the extreme overbought readings and
low volume are flashing yellow lights. Iโm
keeping my powder dry for the right entry.