$ETH 🔥 STRONG BUYING PRESSURE 🔥
📊 Technical & Chart Overview
📈 Trend & Indicators
Across timeframes (1H, 4H, daily, weekly), ETH technical signals range from neutral to strong buy, with moving averages, MACD, and momentum indicators forming bullish alignment
RSI (6-period) is extremely overbought (~71.7), indicating potential short-term pullback risk
🛣️ Support & Resistance
Support Zones:
$3,770–$3,780 coincides with EMA7 and recent intraday lows
$3,716 next horizontal/EMA level if momentum fades
Resistance Zones:
First resistance at $3,886–$3,895 (breakout pivot)
Secondary at $3,941–$4,000 → further upside to $4,200+ on strong continuation
🔄 Market Pattern
ETH recently broke above and reclaimed the $3,835–3,850 level on elevated volume, forming a potential cup-and-handle breakout structure, with $3,850 turning into short-term support
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🚀 Trading Strategy Framework
🟢 Breakout Continuation (Bullish)
Entry: Close above $3,886–$3,900 on surge in volume (> ~400K ETH/day)
Targets:
TP1: $3,940–$3,950
TP2: $4,000 → $4,100–$4,200 on momentum
Stop-Loss: ~$3,860 (just below EMA pivot)
R/R: ~1:2 to 1:3
⚡Scalpers: Use 5‑15 minute charts to capture quick 0.5–1% swings near pivot zones with volume spikes or RSI/MACD divergences.
✅ Execution Tips
1. Await strong candle closes beyond trigger zones before taking trades.
2. Use volume alerts—noting that recent volume has been ~84% below recent averages, weakening conviction .
3. Track order-book depth and institutional wallet flows at pivot levels.
4. Maintain disciplined position sizing (~1–2% of capital) with tight stop-loss placement.
5. Stay alert for macro or ETF-related news that could influence momentum.
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✳️ Disclaimer: This is educational and not financial advice. Crypto markets are speculative and volatile. Always manage risk, DYOR, and trade responsibly.