Looking at the ETH 1-hour chart:
- Price is near $4556, slightly above its 50 and 200 EMA averages, showing some bullish support.
- RSI is moderate, not overbought or oversold, indicating room to move either way.
- MACD looks to be converging, hinting at a possible trend change soon.
- Volume seems stable, so watch for a breakout volume spike.
Advice:
- Likely short-term uptrend continuation if price holds above $4500.
- Target Profit (TP): $4650 - $4700 zone.
- Stop Loss (SL): $4480 to manage risk below support.
Keep an eye on volume and RSI for confirmation before making the move.
Lets do trade as per the above mentioned trade plan by clicking the chart, I do hope you will be successful.
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