[Signal] ETH/USDT – Bullish Reversal in Progress – Watch Key Resistance

Pair: ETH/USDT

Timeframe: 4H

Price: $2,519.00 (+3.00%)

Technical Overview:

Support Rebound: ETH bounced from a recent low of $2,323, forming a solid bullish reversal pattern.

Parabolic SAR: Dots still above the candles, indicating the uptrend is forming but not yet confirmed.

MACD: Bullish crossover with MACD at 5.78 and rising momentum.

RSI (6): At 58.51, entering bullish territory but still has room to grow.

Stochastic (K/D): K = 65.69, D = 55.07, showing continued bullish pressure.

Volume: Positive buying volume, showing increased interest around the $2,500 level.

Key Levels:

Immediate Resistance: $2,565

Next Resistance: $2,652

Support to Watch: $2,479 / $2,323

Trade Idea:

A break and close above $2,565 could signal continuation toward $2,652 and higher. Consider long entries on a confirmed breakout, or look for retests of $2,480 for risk-managed entries.

Risk Management:

Use a tight stop below $2,479. Confirm momentum before entry to avoid false breakouts.

Sentiment: Mildly Bullish

Confidence: Moderate

#ETH #CryptoTrading #BinanceSquare #TechnicalAnalysis #Signal #ETHUSDT $ETH