Current Price: $4,720.41 (+8.57%)
Ethereum is on fire ๐ฅ, breaking above key moving averages and showing strong bullish momentum. Hereโs what traders need to know:
๐ Technical Snapshot
24h High: $4,887.59
24h Low: $4,207.39
Volume (24h): $6.51B
ETH is trading above MA7, MA25, and MA99 โ trend is bullish.
Price is consolidating near $4,720 after a big move up.
๐ฏ Key Levels
Support:
$4,361 (MA25)
$4,207 (24h Low)
$4,335โ$4,361 (MA25 & MA99 zone)
Resistance:
$4,887 (24h High)
$4,987+ (Next breakout target ๐)
๐ฅ Trade Plan
LONG Entry Idea:
Enter between $4,600โ$4,720 (pullback zone).
Stop Loss: below $4,360.
Targets: $4,887 โ $4,987+.
๐ Confirmation needed: Price should hold above $4,600 with strong volume.
โ ๏ธ Exit Strategy
Take profit near $4,887, trail the rest if it breaks higher.
Exit fully if ETH closes below $4,360.
Consider shorts only if ETH falls below $4,200 with big volume.
๐ Indicators
RSI: Overbought โ watch for pullbacks.
MACD: Bullish.
Volume: Strong โ supports uptrend.
โ Summary: ETH is bullish above $4,600. Best strategy: Buy dips, aim for $4,887โ$4,987+, but manage risk with stops under $4,360.
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