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Immediate Support ~$4.10–4.14 Aligns with pivot support and 50/100‑day MAs Resistance Zone ~$4.17–4.18 Intraday high and pivot resistance Bullish Targets $5.10 → $6.30 → $7.50+ From wedge and H&S breakout ---
✅ Key Takeaways
Short‑term bias is bullish, but watch confirmation above $4.17–$4.18.
Entry ideas: consider near $4.20ish with tight stop just below $4.10. Targets: $5.10, then $6–$7.50 if strong follow‑through.
Risk management: critical around $4.10–$4.14 zone—keep visual on daily/weekly frames.
📐 Symmetrical Triangle Forming: ETH is nearing the breakout point of a symmetrical triangle—a classic sign of a strong move ahead after consolidation.
🔼 Key Resistance: A confirmed breakout above $2,604 could spark a 24% rally to $3,200.
📊 Bullish Indicators:
✅ MACD Buy Signal: MACD line has crossed above the signal line, supporting bullish momentum. ✅ RSI at 59: Momentum favors the bulls with room for more upside.
🔥 Institutional Demand Rising: Wall Street’s growing focus on ETH is adding fuel to the potential rally.
📢 Next Stop: A break above the $3,000 psychological barrier could position ETH to outperform Bitcoin in the near term.
BTC is trading within an ascending triangle, currently facing rejection at the horizontal resistance zone. 📉 Support Check: Price is holding above the trendline support, keeping the bullish structure intact. ☁️ Ichimoku Cloud Support: The cloud is providing strong underlying support, signaling market strength. 🔍 Next Move Trigger: A confirmed breakout or breakdown from this pattern will define the next major price direction. 📢 Stay alert – the move could be explosive!
As Bitcoin (BTC) consolidates around the $107,000 mark, on-chain data is showing signs of fatigue, suggesting a potential price move may be imminent
Currently, Bitcoin’s key support level is at $105,000. Holding above this level is critical for any attempt to reclaim $110,000 and push toward new all-time highs. As of press time, BTC was trading at $106,972, down 0.6% on the day and 0.3% for the week.
Technically, Bitcoin remains in a bullish posture. It’s trading above both its 50-day simple moving average ($105,970) and 200-day SMA ($87,717), a sign of strength.
Meanwhile, the 14-day RSI stands at 58.77, indicating that momentum remains intact without signaling overbought conditions.
Overall, Bitcoin’s setup appears constructive,with key moving averages providing support and technical indicators still favoring the bulls if new demand emerges.