Hey Binance Square Family! Gather ’round for a juicy update on Ethereum—today’s chart just lit a 🔥 signal that’s too good to ignore.
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🧐 What's Happening?
As of July 21, ETH was trading near $3,775, dancing between $3,710–$3,800. On the 4‑hour timeframe, it’s shown steady upward momentum. But here’s the kicker: ETH broke above the middle Bollinger Band—a move that often signals a stronger rally ahead .
Key levels:
Support: $3,710 (intraday low) and $3,680 (EMA‑30)
Resistance: $3,800 (psychological), then $3,850 (previous high)
Indicators snapshot:
1h RSI ≈ 56 (neutral‑to‑bullish); daily RSI ~ 62 (not overbought yet)
4h MACD: just crossed gold, though volume bars are tapering—bull momentum is present but cooling off
Bollinger Bands are expanding—if the upper band contracts, expect a dip toward the midline around $3,700
On‑chain tells? Whale addresses are offloading near $3,800, while transaction volumes are spiking—classic battle zone behavior .
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🎯 Trade Setups & Squad Tips
1. Spot Long near $3,710–$3,730
Confirm with 1h RSI > 50 + rising volume
TP: $3,800 → $3,850
SL: below $3,680
2. Breakout Play
On a decisive close above $3,800, target $3,850–$3,900
Keep SL just under the breakout zone
3. Dips & DCA
If ETH retreats to the mid‑Bollinger near $3,700 on weak volume, consider buying on the dip (DCA zone)
Always @BinanceSquare style: trade smart, use clear entries/T&P, manage your risk, and add “Not financial advice” or “DYOR” to stay on point .
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🔍 Market Pulse & What to Watch
Macro drivers: Watch US economic data, Fed statements, and global news—they could spark volatility
Whale zones: Heavy sell orders around $3,800–$3,850 suggest a short-term ceiling
Band squeeze potential: A tightening band may precede a sharp move—either breakout or pullback
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🧠 Squad Mindset
Respect the community: Focus on ideas, not hype
Share your thoughts: Did you get long near $3,710? Think we’ll crack $3,850? Let us know!
Stay disciplined: Use SL, define TP and position size—no FOMO chasing
Be transparent & clear: “Not financial advice,” honest setups, grounded strategy
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📌 Quick Recap
Strategy Entry Zone Target Stop-Loss
Spot Long $3,710–$3,730 $3,800 → $3,850 <$3,680
Breakout Trade Above $3,800 $3,850–$3,900+ Below breakout
Dip Buy / DCA Mid-Band (~$3,700) $3,800+ Momentum break
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Keep it friendly, disciplined, and value-driven, Square Fam—just like our guidelines dictate! Let us know in the comments how you’re trading this setup. Together we learn, trade, and grow 🌟
— Your Binance Square Family ❤️