🚨 ETH Analysis & Signal | Short-Term Trade Idea (48 Hours Window)
Hey fellow traders! 👋
Wanted to quickly share my short-term view on Ethereum (ETH) after spending some serious time looking into the recent price action, order books, and on-chain metrics.
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🔍 My Analysis:
I’ve been tracking ETH closely over the last 48 hours, and here’s what I’m seeing:
1. Support & Resistance Levels:
Key Support: $3,060 — This has held strong since the last dip 3 days ago.
Major Resistance: $3,230 — Price got rejected here twice in the last 24 hours.
2. Volume Profile:
Noticed a spike in buying volume at $3,080 on Binance and Coinbase. Looks like smart money accumulating in that zone.
3. On-Chain Data:
Exchange inflow has dropped, meaning whales are holding instead of dumping.
Slight increase in staking deposits via Lido and RocketPool, indicating reduced sell pressure.
4. Technical Indicators (1H & 4H Charts):
RSI: Currently at 54 — Neutral but with slight bullish divergence.
MACD: Just made a bullish crossover on 4H.
200 EMA: Acting as dynamic support around $3,090.
5. News Catalyst:
ETH ETF rumors heating up again — nothing confirmed, but sentiment shifting slightly positive.
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📈 My Signal for ETH (Next 48 Hours):
Entry Zone: $3,070 – $3,090
Target 1: $3,180
Target 2: $3,230
Stop Loss: $3,020
🟢 Bias: Short-term Bullish
I’m personally entering small here with tight risk. If $3,060 breaks, I’ll exit and reassess. Otherwise, upside potential looks decent.