ETH/USDT Trading Plan — 1H Chart

$ETH ‌##FedHoldsRateButDividesDeepen
ETH/USDT is trading at $2,302.93, up 1.04% in the past 24 hours. The chart shows a clear recovery story: the price bottomed at $2,231.72 on April 30 and has since increased about 4.2%, reaching a high of $2,325.78 before consolidating at the current level. The asset is currently in a short-term digestion phase after that breakout.
Technical Overview
The structure here is much more bullish compared to typical oscillating markets. The price is trading above all three EMAs — EMA5 (2,300.96), EMA10 (2,299.35), and EMA30 (2,291.12) — all expanding upward in line with an uptrend. The Bollinger Bands are beginning to widen after a prolonged period of tight compression, which often signals a sustainable trend approaching. The current price is between the middle band (2,298.41) and the upper band (2,318.17), consistent with bullish momentum.
MACD warrants attention: while the DIF (6.06) remains above the DEA (6.88 — notably, DEA is slightly higher, indicating a recent bearish crossover), the histogram is turning slightly negative (-0.81). This suggests the immediate bullish momentum is slowing down, but the overall trend remains intact due to significant positive values relative to zero.
Scenarios
Scenario A — Continued Uptrend (Main Bias)
The overall structure supports the buying side. A short correction to retest the EMA group and the middle Bollinger Band (~2,290–2,300) would be a good entry opportunity, with the potential for the price to then target the upper Bollinger Band and the 24-hour high of 2,325.78.
Enter: When retesting clearly and holding the 2,290–2,300 zone
Target 1: 2,325 (previous high / upper band)
Target 2: 2,366 (next clear resistance level)
Stop-loss: Below 2,278 (lower Bollinger Band)
Scenario B — Short-term Correction / Pullback
If the MACD crosses deeper and selling pressure increases, the price could correct more sharply toward EMA30 at 2,291 or the lower Bollinger Band at 2,278. A sustained break below 2,278 would bring the 2,250–2,237 zone into play and invalidate the current bullish thesis.
Enter: Short position on a close below 2,278 confirmation
Target: Support zone 2,237–2,250
Stop-loss: Above 2,300
Proposed Attitude
Evidence supports an uptrend, provided that entering at the current level carries medium risk due to weakening MACD. The most disciplined approach is to wait for a controlled correction back into the 2,290–2,300 zone before entering a buy, which offers a better risk/reward ratio than chasing the price here. Keeping the stop below the lower Bollinger Band helps manage risk more clearly in a well-structured trade.