🔍 ETH: Deceptive Rise or Preparation for Takeoff? My Technical Analysis 🧠
In recent days, $ETH has experienced a nice rebound, surpassing 3,700 USDT. For many, this could seem like the signal for a new bull run... but is that really the case? Here’s my perspective after studying the monthly chart 👇
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📈 The Technical Context
The last monthly candle is green and strong, indicating strong buying pressure.
But beware: we are currently in a major resistance zone (4,100 USDT), tested several times since 2021.
The market could be forming a double top, or simply taking a pause before a bullish breakout.
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⚠️ Signals to Watch
If $ETH fails to surpass 4,100 – 4,200 USDT, a correction towards 3,200 or even 2,800 USDT could occur.
Volume remains strong, but so does volatility — this can trap those who enter late.
Indicators like the RSI and MACD show possible exhaustion in the short term.
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🧠 My Personal Strategy
Rather than panicking or FOMOing, I adopt a simple approach:
I take partial profits around resistances.
I keep a portion in HODL to benefit from a potential bullish breakout.
And above all: I never enter without a clear plan (entry, stop, target).
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📢 Conclusion
ETH remains a giant in the crypto market. But even giants breathe. Be smart: don’t trade with your emotions, but with your plans, your levels, and your discipline.
And you, what is your current strategy on ETH? 💬
Share your thoughts 👇
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