✅ Bullish Signs
Strong Uptrend Previously – ETH had a clean rally from ~$2,932 to $3,673, showing buyers are active.
Price Holding Above MA99 (~$3,367) – As long as ETH stays above this level, the medium-term trend is intact.
Possible Bounce Zone – Price is consolidating above the last key support ($3,500–$3,530), which could attract buyers.
⚠️ Bearish / Caution
Short-term Weakness –
MA7 < MA25 → bearish short-term cross.
RSI ~45 → weak momentum, slightly bearish bias.
MACD below 0 with red histogram → downward pressure still present.
Failed to Hold Above $3,670 – Rejection at resistance suggests sellers are active.
📌 What to Expect
Bullish Scenario: A 1-hour candle close above $3,580–$3,600 with rising RSI & green MACD could push ETH back to $3,670–$3,710.
Bearish Scenario: If ETH loses $3,530, it may retest $3,460–$3,480 (stronger support near MA99).
📈 Trading Plan Suggestion
Entry (Long): Wait for confirmation above $3,580 with rising volume.
Stop-loss: Below $3,520.
Take Profit: First at $3,670, second at $3,710 if breakout holds.$
Entry (Short): If ETH closes below $3,530, a quick short scalp to $3,460 is possible.
