🚀 Ethereum Eyeing Breakout – Bulls Building Strength Above $2,470! 🔥
Ethereum ($ETH ) is showing renewed bullish momentum, currently trading at $2,472.25 — a strong +1.86% gain in the last 4H session. After rebounding from a deep correction to $2,111, #ETH is now pressing against a major resistance near the MA(99) at $2,519.
This is not just a recovery — this is structure forming!
📊 Key Technical Snapshot:
Price: $2,472.25
24H High: $2,520
24H Low: $2,388
Volume: 5.77M #ETH
Support: $2,440 / $2,355
Resistance: $2,519 (MA99), $2,568
Trend: Short-term bullish (above MA(7) + MA(25)
🧠 Market Psychology:
ETH just broke above the 7 EMA and 25 EMA with conviction, forming a staircase structure of higher highs and higher lows. This is a textbook setup before a breakout attempt.
The only wall left? MA(99) resistance around $2,519. A 4H close above it could trigger a sharp rally toward $2,568 and even $2,600.
📈 Trade Strategy:
✅ Long Entry (Breakout play):
• Buy zone: $2,465 – $2,480
• Target 1: $2,519
• Target 2: $2,568
• SL: $2,388
⚠️ Rejection Trade (Fade setup):
• Short near: $2,519 if price gets rejected with low volume
• Target: $2,400 – $2,355
• SL: $2,535
📌 Volume Clues:
Volume spike around 06/22 marks accumulation
Recent green bars show strength without euphoria
Watching for volume breakout above 3.8M for confirmation of trend continuation
