**Current Price:** $4,720.41 | **24h Change:** +8.57%
Ethereum is showing strong bullish momentum, breaking above key moving averages and testing critical resistance levels. Hereโs a breakdown of what to watch next:
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### ๐ **Technical Overview**
- **Current Price:** $4,720.41
- **24h High:** $4,887.59
- **24h Low:** $4,207.39
- **24h Volume (USDT):** $6.51B
- **MA(7):** $4,669.23
- **MA(25):** $4,361.88
- **MA(99):** $4,335.20
ETH is trading above all major moving averages (MA7, MA25, MA99), indicating a strong uptrend. The price is consolidating near the $4,720 level after a significant +8.57% surge.
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### ๐ฏ **Key Levels to Watch**
#### **Support Levels**
- **Primary Support:** $4,361 (MA25)
- **Secondary Support:** $4,207 (24h Low)
- **Strong Support Zone:** $4,335โ$4,361 (MA99 and MA25 confluence)
#### **Resistance Levels**
- **Immediate Resistance:** $4,887 (24h High)
- **Next Target:** $4,987 (Recent High)
A break above $4,887 could trigger a rally toward $5,000+.
### ๐ฅ **Entry Strategy**
**LONG Entry (Bullish Scenario):**
- **Entry Zone:** $4,600โ$4,720 (Pullback to MA7 or current consolidation)
- **Stop Loss:** Below $4,360 (MA25 Support)
- **Take Profit 1:** $4,887 (24h High)
- **Take Profit 2:** $4,987+ (Breakout Target)
**Confirmation:** Watch for volume increase and holding above $4,600.
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### โ ๏ธ **Exit Strategy**
**If Bullish:**
- Take partial profits at $4,887 and trail stop loss for remaining position.
- Close full position if price breaks below MA25 ($4,361).
**If Bearish Reversal:**
- Exit long if price closes below $4,360.
- Consider shorting only if $4,200 support breaks with high volume.
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### ๐ **Indicator Insights**
- **RSI:** Likely in overbought territory (not shown but implied). Watch for divergence.
- **MACD:** Bullish momentum present (based on context).
- **Bollinger Bands:** Price is near upper band โ momentum may pause.
- **Volume:** Strong volume support at $6.51B confirms interest.
### โ **Summary**
ETH is in a strong uptrend with clear support and resistance levels. Traders can look for long entries near $4,600โ$4,720 with a stop below $4,360. Target $4,887โ$4,987+. Always manage risk and use proper position sizing.
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