ETH PUMP ALERT!!!
Coin Name: #Ethereum
Ethereum/USDT 1-day chart on Binance highlights a potential reversal from a major support zone , marked as a "deep pocket." A bullish divergence on the RSI, alongside a decline in selling pressure on the MACD histogram, suggests momentum is shifting towards buyers. The red resistance zones indicate key areas where sellers may step in. Additionally, price action is approaching the descending trendline, which, if broken, could confirm a bullish trend shift. The chart also aligns with a broader ascending channel, implying potential long-term growth if ETH sustains momentum. A confirmed bounce from this zone could validate the reversal thesis and open the door for a larger bullish move.
This ETH heatmap reveals a high concentration of liquidity on the upper side, indicating a key zone of interest for market participants. The recent price action suggests that ETH has already tapped into these liquidity pools, potentially fueling a move higher. Given that liquidity often acts as a magnet, the absorption of sell-side orders at these levels strengthens the case for an upward continuation in the coming days. If buyers sustain momentum, we could see a breakout beyond current resistance zones, aligning with the broader accumulation pattern visible in this range.
Here this chart represents USDT dominance in the crypto market on a daily timeframe. A descending trendline (red) suggests consistent resistance, forming a bearish pattern. The price is bouncing within a structure that resembles a head and shoulders pattern, with a projected breakdown towards a lower support level (white line). Indicators show the RSI is near the supply zone, hinting at overbought conditions, while the MACD suggests weakening momentum. If the pattern is complete, a drop in USDT dominance could indicate increased bullishness in crypto markets.
Entry Price: You can buy some ETH at the current price. When you get ETH around 1,550$, then buy more.
Targets:
1st TP $2,050
2nd TP $2,350
3rd TP $2,770
📌 Special Note:
🔥Spot Call🔥
This is my personal prediction, but as we all know, the crypto market is highly volatile ⚡. Always do your own thorough research before making any decisions 🔍. To manage risk effectively, use only 10% of your portfolio 💼, avoid high leverage 🚫, and proceed with caution ⚠️. Implement the DCA method ✅ and focus on risk management to protect your capital 💰 while navigating market fluctuations 📉📈.
$ETH
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