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