$ETH On the move again. Gonna break 5k?
Short-term view — Bullish bias (70% bullish)
Buy zones (short 1h–1d)
• Safe: 4,560–4,600 (EMA25 + strong demand retest zone).
• Moderately safe: 4,380–4,420 (EMA99 + previous consolidation).
• Risky: 4,740–4,780 (buying into momentum continuation; only for scalps with tight stops).
Sell targets (short 1h–1d)
• Safe TP: 4,880–4,900 (recent intraday high).
• Moderate TP: 5,050–5,100 (psychological round number + next resistance).
• Aggressive TP: 5,250–5,350 (extension target if volume breakout sustains).
Stop-losses
• Tight: 4,560 (below EMA25 retest).
• Flexible: 4,350–4,300 (below EMA99 / structure support).
Quick analysis / reasoning (short-term)
Price ~4,730 after a sharp breakout from the 4,200–4,300 base — momentum clearly shifted bullish.
Volume: very strong spike on the breakout, confirming real participation.
RSI (1h): neutral ~49 after cooling from overbought — plenty of room for another leg up.
RSI (1D): ~64 — bullish but not yet extreme.
MACD (1h): still positive but slowing — consolidation possible before next push.
EMAs: price is well above EMA7/25/99 on both hourly and daily charts — clear bullish alignment.
S/R levels: immediate resistance 4,880–4,900, stronger supply near 5,050–5,100. Supports: 4,560–4,600 (short EMA cluster), 4,380–4,420 (long EMA).
Orderbook: Bids outweigh asks (91% bid vs 8% ask), strong short-term demand, though visible walls near 4,875–4,900 may slow upside.
Plan: Prefer scaling in on dips toward 4,560–4,600 rather than chasing highs. Use tight intraday stops for scalps, or wider stops if swing trading. Trail into strength above 4,880 with first profit target near 5,050.
⚠️ Risk reminder: ETH moves fast during breakouts — position sizing is key.
DYOR and Inshaallah we will make good profits.
