#Ehterium

Based on the **weekly ETH/USDT chart** you've provided, here's a comprehensive **technical analysis** and an **intraday trading plan**

### **Chart Summary & Technical Interpretation**

Current Price: \$1,802.75

* **24h Range**: \$1,792.49 – \$1,833.55

* **Recent Low**: \~\$1,790 (approaching support)

* **Highlighted Support Zone**: \$1,700 – \$1,850

* **Chart Patterns**:

* ETH is forming a **potential double bottom or accumulation base** at the weekly support zone.

* There’s a **clear descending structure** from recent highs (\~\$4,868).

* The bounce off the lower edge of the orange box shows **initial buying interest**.

---

### **Technical Bias: Short-Term Bullish Reversal Setup (Intraday)**

Price has bounced off a historically strong support zone, indicating **potential for an intraday long trade** if short-term bullish momentum builds.

---

### **Intraday Trading Plan (Bullish Bias)**

#### **Entry Point(s)**:

* **Buy**: \$1,805–\$1,810 (on minor pullback or breakout above consolidation high)

* Alternatively: Enter on **breakout confirmation** above **\$1,820** (aggressive entry)

#### **Stop-Loss Placement**:

* **Tight SL**: \$1,790 (just below 24h low and support zone)

* **Safe SL**: \$1,770 (below the lower boundary of the orange box for wider stop)

#### **Take-Profit Target(s)**:

1. **Target 1**: \$1,840 (recent resistance area from 4h/1h charts)

2. **Target 2**: \$1,860 (high volume node and previous bounce point)

3. **Target 3**: \$1,890 (aggressive, near top of intraday resistance)

#### **Risk-Reward Example**:

* Entry: \$1,805

* SL: \$1,790 (risk: \$15)

* TP1: \$1,840 (reward: \$35) → **Risk/Reward = \~2.3:1**

* TP2/TP3 offer even better potential.

---

### **Confirmation Tools (Optional)**:

* **1h or 15m RSI**: Look for oversold reversal into 50+ zone

* **MACD**: Crossover and histogram flip to positive on 15m/30m

* **Volume Spike**: Validate breakout from \$1,820 level

---

$ETH

### **Alternative Bearish Scenario (Invalidation)**:

If ETH drops **below \$1,770 with strong volume**, it would invalidate the long setup. Consider switching to a **short** below \$1,760 targeting \$1,700–\$1,650.