🚨 $ETH /USDT – Bull Flag or Fakeout Incoming? 🔥
Ethereum ($ETH ) is sitting at $1,639.76 (+0.43%), showing signs of strength but still stuck below major resistance. Is this a setup for a breakout above $1,660—or are the bulls running low on fuel?
📊 Market Overview
📍 Current Price: $1,639.76
📈 24h High: $1,659.93
❄️ 24h Low: $1,566.11
🔄 24h Volume (ETH): 482,507.69
💰 24h Volume (USDT): $779.81M
📌 Parabolic SAR: $1,590.07 (Still trending up!)
📉 MACD: Not available, using MA + SAR for bias
📈 ETH Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If ETH Holds Above $1,630)
Entry: Above $1,640
Targets: $1,680, $1,720, $1,800+
Stop-Loss: $1,610
🔹 Bearish Scenario (If ETH Falls Below $1,610)
Entry: Below $1,610
Targets: $1,580, $1,550, $1,500
Stop-Loss: $1,640
🔍 Analysis & Insights
✅ SAR confirms upward momentum
✅ Volume still healthy, showing buyer interest
⚠️ Needs a clean breakout above $1,660 with volume for continuation
❗Losing $1,610 could flip structure bearish short-term
💡 Pro Tip:
Watch the $1,640–$1,660 zone—break and close above this = high probability breakout setup. Otherwise, be cautious of a bull trap.
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