📌 Current price (approx. from the chart): 3,445 USDT
🕐 Time Frame: 1 Hour
⚙️ Type of analysis: Technical – Price Action + Indicators + Smart Levels
🔎 First: The overall context of the movement
Ethereum has been moving for 3 days in a narrow sideways channel between 3,375 and 3,475 USDT.
However, in recent hours, technical signals have emerged indicating an attempt to break the sideways trend, supported by increased trading volume and a return of positive momentum.
📊 Detailed Technical Analysis:
1. Candles and Price Action:
The last candle formed a "Bullish Engulfing" at the support of 3,420 → A strong signal of institutional demand or smart liquidity.
The appearance of a long lower wick at 3,375 confirms the rejection of the drop.
2. Moving Averages:
MA(20) was recently breached upwards → Signal of the beginning of bullish momentum.
MA(50) is moving horizontally → Confirmation of the horizontal trend consolidation.
The crossover of MA(9) with MA(21) upwards → Support for short-term speculators.
3. MACD Indicator:
Clear positive crossover.
The histogram is increasing → Beginning of a new momentum wave.
The fast line is moving away from the slow line → Evidence of accelerating the upward trend.
4. RSI Indicator:
RSI is now at 62 (an unfilled upward area).
It hasn't reached 70 yet, indicating that there is room for additional rise before entering the overbought zone.
The break of RSI above 60 was an early signal for price rise.
🔐 Smart levels to follow:
Level Type Importance
3,375 Major Support Major Ascending Low
3,420 Secondary Support Has been bounced from more than 3 times
3,475 Nearby Resistance Current Upper Channel Limit
3,520 Strong Resistance Beginning of a new upward move
3,600 Potential Target If 3,520 is breached firmly
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🎯 Suggested Trading Strategy:
Conditional buy on a strong candle breaking 3,475 + high trading volume.
Targets:
3,520 (First Target)
3,600 (Second Target)
Stop loss: below 3,420 (or flexible according to your style)
⚠️ Risks to watch out for:
Bitcoin's volatility can pull the entire market in any direction.
The RSI indicator's proximity to the overbought zone may precede a short correction movement.
Surprising news (especially regulatory or from the US Federal) could reverse the trend.
💬 Conclusion of the analysis – Are we witnessing ETH's breakout tonight?
> It seems that Ethereum is preparing for a big move… the only question is: Will it come now or after a final test of support?
Smart decisions come with clear signals, not with emotions!
✍️ Share your opinion:
Do you see ETH capable of breaking the 3,500 barrier this week?
👇 Write to us in the comments, and don't forget to share the analysis with followers interested in crypto.
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