$ETH ETH/USDC
1. Trend Direction:
Bullish.
Price is trading above all key moving averages (MA7: 3819.52, MA25: 3777.54, MA99: 3700.94). The candles are forming higher highs and higher lows — a classic bullish structure.
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2. Key Levels:
Support:
3,777 (MA25, short-term support)
3,711 (Recent low & 24h low)
Resistance:
3,843 (Recent high / 24h high)
3,850–3,860 zone (Psychological & technical resistance)
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3. Volume Analysis:
Volume spiked significantly near the breakout above 3,780.
Healthy buying volume outweighs selling, confirming breakout strength.
MA(10) volume: 6.25K > MA(5) volume: 4.4K = increasing bullish momentum.
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4. Candlestick Patterns:
Strong bullish engulfing candle during the breakout (around 3,780).
Recent candles are showing tight consolidation with upward bias, indicating continuation potential.
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5. RSI / MACD (not visible):
Although not shown, based on price and volume momentum, RSI likely near 65–70 (bullish but not overbought).
MACD crossover is likely bullish on this breakout move, with histogram increasing.
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6. Recommendation (Short-Term):
➡️ Buy on minor dips.
Ideal entry: 3,800–3,815 pullback zone
Targets: 3,860 / 3,900 short-term
SL (stop-loss): 3,745 or tighter at 3,770 depending on risk
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📌 Summary:
ETH/USDC shows a bullish trend with strong volume and breakout momentum on the 1H chart. Unless rejected at the 3,850 zone, the setup favors further upside.
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