$ETH /USDT – Strong Bullish Momentum
🔹 Current Price: $4,538 (+3.14%)
🔹 24h High: $4,576
🔹 24h Low: $4,384
🔹 24h Volume: 360,371 ETH (≈ $1.61B)
📊 Technical Overview
Trend: A clear bullish movement is ongoing as ETH has shown strong recovery from $4,384, creating a high near $4,570.
MA60: At $4,544 → Price is trading very close to it, indicating the market is balanced in the short term but bulls are exerting more pressure.
RSI: Approaching 70 → The market is near the overbought zone, suggesting a slight correction may occur.
MACD: Showing slight positive divergence → Upside movement may continue.
🔎 Key Levels
Support: $4,500 – $4,460 – $4,384
Resistance: $4,576 (recent high) → Following that, $4,650 and $4,800 are significant levels.
📌 Potential Trade Plan
Entry Zone (on dip): $4,520 – $4,540
Stop Loss: $4,460 (close below MA60)
Target 1: $4,576 (high retest)
Target 2: $4,650
Target 3: $4,800 (if breakout occurs)
Risk-Reward: Approximately 1:2.5 (if the target is set at $4,800)
🎯 Profit Potential
Moderate-High (65–70%)
Bulls are in control of the market; however, a close below $4,500 would weaken the breakout and a correction to $4,380 may then occur.