$ETH
The momentum is still strong, but the pursuit of highs carries high risks. It's better to wait as it may lead to a strong decline or a clear breakout confirmation before entering high volatility, so timing accuracy is crucial. Focus with me, Dahmas.
A quick glance at the one-hour chart
Current price: around $1,690
Market sentiment: Strong bullish
Ethereum has just achieved a critical breakout, supported by strong momentum.
Bullish indicators in green
Price action: Clear breakout structure, ongoing bullish trend
MACD: Confirmation of a bullish golden cross
RSI: Holding steady above overbought levels, indicating sustained strength
Stochastic RSI: Holding at 100, indicating severe bullish pressure
Probability of short-selling pressure: Upper short-squeeze areas may lead to strong upward movement
Risk factors to watch
Price increase indicators: Both the RSI and Stochastic RSI are still in overbought territory - the market is likely to cool down.
#تنبيه From Ethereum's breakout: Critical long/short trading zones have been identified - missing this movement could have dire consequences for months
