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All eyes are on Bitcoin, but ETH is the real focus.
On the 4H chart, Ethereum (ETH) just signaled a reversal with a confidence level of up to 77% – a setup that most of the market might be missing.
📈 $ETH /USDT – LONG Plan
⟶ Entry: 2312.98 – 2315.56
⛔ Stop Loss: 2301.85
• TP1: 2323.59
• TP2: 2329.80
• TP3: 2339.12
📊 Why Is This the Time?
• 4H timeframe: ETH is still compressed within a sideways zone, creating a tight accumulation base.
• 15M RSI hits 71: Momentum is emerging early before a true breakout occurs.
• Low ATR: Volatility is narrowing, signaling a potential strong breakout.
• Good Risk/Reward ratio: TP1 is only about 0.4% away from entry, while the SL is tightly set below 2301.85 to control risk.
Currently, the 2314 zone is considered a “trigger zone” – where buyers start increasing their positions before the price breaks out of the compression zone.
Next Scenario
🔹 Bullish: If ETH decisively breaks out of the range, a target of 2339 is entirely feasible.
🔹 Bear Trap: If buying pressure weakens and cannot hold above 2301.85, this could just be a fake pump to “trap” LONG traders.
📢 The question is:
Is this a breakout initiating a new upward wave, or just a liquidity sweep before a deeper correction?
In your opinion, is ETH about to run strongly or just “lure in” traders?
{future}(ETHUSDT)