Summary
$ETH is recovering short-term after a correction; short-term momentum supports the upward trend but there is still significant resistance above. Liquidity has recovered to average levels, indicating selective participation from demand.
Technical Analysis
Current price ~ 4,582. Short MA is trending up, Long MA is above — indicating resistance from a larger trend.
RSI ≈ 65 — positive momentum but not overbought.
Near support: 4,499 (protective zone), suggested SL 4,480.
Resistance: 4,664 (near), 4,820 (strong), previous swing high around 4,956.
Market Structure & Volume
Recovery volume is moderate, with no strong spikes — current buy signals are selective. Recent large money flow has tended to tighten supply, supporting an uptrend if demand continues.
Trading Strategy
Entry: gradually buy 4,520 – 4,560.
Stop-loss: 4,480 (below support zone).
Take-profit: TP1 4,660 (take part profit); TP2 4,820 (take remaining if momentum is strong).
Management: after reaching TP1, move SL to breakeven for the remaining position; monitor volume reaction at 4,820 to decide whether to hold or exit.
Overall Assessment
If the zone 4,480–4,500 holds, the scenario to test 4,660 → 4,820 is feasible. Breaking down 4,480 will open the door for a deeper correction towards 4,330.
