Ethereum (ETH) is showing bullish signals in the short-term based on multiple timeframes:
15m and 1h charts show strong upside momentum, breaking above key moving averages with growing volume.
Resistance is forming around $1,586–$1,595. If broken, ETH could push higher.
4h shows potential for upside, but needs a solid candle close above $1,600.
On the daily chart, the trend is still bearish, so long-term investors should wait for a breakout above $1,650 with strong volume.
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Trade Idea (Short-Term):
Entry: Above $1,560
Targets: $1,586 and $1,595
Stop Loss: Below $1,545
Conclusion:
Great opportunity for short-term scalpers. Long-term traders should stay patient and watch for confirmation of trend reversal.
