$ETH Updated 15-minute ETH/USDT chart looks significantly stronger:
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Technical Overview:
Price: 2556.81 USDT
SAR: Already below the price — confirms trend change upwards
RSI(6): 72.95 — significantly overbought, possible local correction
MACD: Histogram is rising, lines crossed upwards — bullish momentum confirmed
Volumes: increased during the upward impulse, but started to fade → possible breather
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Conclusion: the market is in a recovery phase with potential for continued growth, but RSI is overheated, and there may be a pullback before a new impulse.
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LONG Scenario (continuation of movement):
Entry:
• On breakout and consolidation above 2560–2565
• Preferably, volumes should start to return
• RSI(6) should not sharply drop below 65
Targets:
• TP1: 2579
• TP2: 2617
• TP3: 2640 (max in 24h)
Stop: 2535–2540 (below the short-term pullback)
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CORRECTION / SHORT Scenario (if overbought is played out):
Conditions:
• RSI(6) drops below 65
• Candle with wick upwards and volumes → signs of profit-taking
• Price returns below 2540
Target:
• TP1: 2520
• TP2: 2505
• Stop: 2560