### **Technical Analysis Summary:**
1. **Current Price**: \$2,315.08
2. **24h High/Low**: \$2,490.77 / \$2,036.71
3. **MA(50)**: \$1,787.22 – Price is well above the 50-day moving average, indicating strong short-term bullish momentum.
4. **Volume Surge**: Notable increase in trading volume supports the bullish breakout.
5. **Price Action**:
* ETH broke out of the consolidation range (\$1,847 - \$1,385).
* Price has cleared previous resistance near \$1,847 and is approaching next resistance at \$2,446.
6. **Stochastic Oscillator (K: 74.33)**: Near overbought, suggesting momentum is strong but some pullback is possible.
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### **Intraday Trading Signal (Bullish Bias)**
**Entry Point(s):**
* **Buy on a minor dip**: \$2,280 – \$2,300 (support zone after breakout)
* **Aggressive entry** (if momentum continues): Market price (\$2,315)
**Stop-Loss Placement:**
* Below recent breakout level: **\$2,180**
**Take-Profit Target(s):**
1. **TP1**: \$2,446 (immediate resistance)
2. **TP2**: \$2,600 (if bullish continuation follows with high volume)
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### **Risk-Reward Ratio Estimate (R\:R)**
* Entry at \$2,300
* SL at \$2,180 → Risk = \$120
* TP1 at \$2,446 → Reward = \$146 → R\:R ≈ 1.2
* TP2 at \$2,600 → Reward = \$300 → R\:R ≈ 2.5
