🧠 ETH/USDT Analysis — Preparing for Breakout?
Current Price: $3,493
Context: ETH has been consolidating tightly below $3,500 with rising volume and a clear structure of higher lows — indicating strength and whale accumulation.
🔍 Technical Observations:
Price Range: Holding strong between $3,450–$3,500
Order Book Clues: Significant buy walls around $3,490–$3,495, suggesting strong demand
Market Sentiment: Bullish undertone with healthy pullbacks and immediate recovery
Volume Behavior: Gradually increasing, hinting at a potential breakout build-up
Pattern: Ascending triangle formation — typically bullish if confirmed
📈 Strategy:
Entry Zone: $3,470–$3,490 (retest of minor support or small dip)
Stop Loss: Below $3,430 (invalidates current bullish structure)
Targets:
🎯 Target 1: $3,580
🎯 Target 2: $3,700+
R:R Ratio: ~2.5:1
⚠️ Notes:
Break above $3,520 with volume = breakout confirmation
A rejection and close below $3,430 = exit early
ETH may front-run BTC if BTC consolidates or stays stable
