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Ethereum Breakout Alert: Critical Long/Short Zones Identified — Missing the Move Could Sting for Months

1-Hour Chart Snapshot

Current Price: ~$1,690

Market Sentiment: Strongly Bullish

Ethereum has just executed a decisive breakout, backed by significant momentum.

Bullish Indicators Flashing Green

Price Action: Clean breakout structure, continuing upward trajectory

MACD: Bullish golden cross confirmed

RSI: Holding above overbought levels, indicating sustained strength

Stoch RSI: Pegged at 100, suggesting extreme bullish pressure

Short Squeeze Potential: Overhead short liquidation zones could trigger an explosive move higher

Risk Factors to Monitor

Overheated Indicators: Both RSI and Stoch RSI remain in overbought territory—cooling off is plausible

Resistance Zone: Price rejection near $1,705–$1,717 could prompt a swift pullback

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Trade Setups & Strategy

Trend-Continuation Long Setup

Entry: $1,675–$1,680 (on minor retrace)

Take Profit:

TP1: $1,710

TP2: $1,730

Stop Loss: Below $1,650

Reversal-Based Short Setup

Entry: If bearish rejection forms around $1,705–$1,717

Take Profit:

TP1: $1,675

TP2: $1,640

Stop Loss: Above $1,725

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Conclusion

Momentum remains strong, but chasing highs carries elevated risk. Best approach: wait for a healthy pullback or confirmation of a clean breakout before entering. Volatility is high—precision timing is crucial.