Based on the 4-hour ETH/USDT chart
📊 Technical Analysis Summary
🟢 Trend:
$ETH is in a strong uptrend, confirmed by higher highs and higher lows.
Price is trading well above the EMA(99), suggesting bullish momentum.
EMA(7) = 2633.73, EMA(25) = 2568.53 → bullish crossover supports continued upward move.
📈 Indicators:
MACD: Strongly positive (MACD: 21.97), showing strong bullish momentum.
RSI (6): At 80.30 – indicating overbought conditions, but in a trending market, this can persist.
Volume: A noticeable volume increase on the breakout above consolidation → supports price action.
📍 Key Resistance and Support:
Resistance: $2,788 (recent swing high)
Support: $2,545 (EMA99), then $2,568 (EMA25)
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📌 Intraday Trading Signal – Long Setup
▶️ Entry Point:
Buy Entry: $2,660 – $2,675 range (pullback zone to EMAs or current price area)
🛑 Stop-Loss:
Place SL below key support/EMA25:
Stop-loss: $2,590
🎯 Take-Profit Targets:
1. TP1: $2,740 – Retest of recent high
2. TP2: $2,790 – Breakout target
3. TP3: $2,850 – Extended bullish move (if momentum continues)
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⚠️ Risk Management & Notes:
Risk/Reward Ratio (approx.): 1:2.5
RSI being overbought means a pullback may occur before further upside.
Monitor volume and MACD for divergence or fading momentum.