As of the latest hourly chart for $ETH /USDT, Ethereum is demonstrating strong bullish momentum, with the price surging to $2,715.15, up +3.73% within the last 24 hours. Let’s break down the technical indicators and develop a short-term trade plan with an optimal entry, take profit, and stop loss.

🔍 Technical Overview:

Current Price: $2,715.15

24h High: $2,723.98

24h Low: $2,589.78

Bollinger Bands:

Upper Band: $2,690.01

Middle Band (20 SMA): $2,632.01

Lower Band: $2,574.01

MACD: Positive divergence — strong bullish signal

Volume: Increasing buying pressure

✅ Trade Setup:

📥 Entry Point:

$2,687 – $2,700

After the breakout above the Bollinger Band upper resistance ($2,690.01), ETH is showing a strong bullish candle. Entering slightly on a pullback near $2,690 provides a safer position with reduced FOMO risk.

🎯 Take Profit (TP):

$2,775 – $2,800

This target is just above the 24h high and allows room for bullish continuation, especially if the breakout extends. It's a logical psychological resistance zone.

🛡️ Stop Loss (SL):

$2,641

Setting a stop loss just below the recent breakout candle and the Bollinger mid-band (20 SMA) at $2,632.01 protects your capital in case of a fake breakout or reversal.

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📊 Strategy Summary:

Action Price Level

Entry $2,687–$2,700

Take Profit $2,775–$2,800

Stop Loss $2,641

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🧠 Additional Notes:

ETH is trading above all key moving averages, indicating continued strength.

Volume is increasing on green candles, which confirms the breakout.

MACD crossover is bullish with a widening gap — further upside possible.

📢 Risk Management:

Always risk only 1-2% of your portfolio on each trade. The market can change rapidly, so remain agile and adjust your SL/TP if volatility spikes.

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📌 Hashtags for Social (Binance Post):

#ETHUSDT #Ethereum #cryptotrading #Binance #ETHBreakout #BollingerBands #MACD #AltcoinSeason #CryptoAnalysis #TechnicalTrading$LA $WCT