ETH/USDT Analysis
1. 1-Hour Chart Analysis (1h)
Trend: Currently in a short-term uptrend (bullish). The price of $2,710.03 is moving above the EMA 20 ($2,699.66), EMA 50 (2,693.89), and EMA 200 (2,663.46).
Resistance & Support: The nearest resistance is in the previous high area of 2,722.08 to 2,743.24. The nearest support area is around 2,693 – 2,700 (confluence of the EMA 20 & 50).
Condition: A bullish reversal occurred after consolidation, but the movement is beginning to stall around 2,722.
2. 4-Hour Chart Analysis (4h)
Trend: The medium-term bullish structure remains strong. The price (2,709.73) is comfortably above the EMA 20 (2,694.19), EMA 50 (2,665.16), and EMA 200 (2,499.61).
Resistance & Support: The main resistance is at the peak around 2,806.87. Strong support is in the 2,665 – 2,694 area.
Condition: After the correction phase from 2,806.87, the price successfully rebounded from the EMA 50 and formed a higher low above the EMA 20.
Trading Opportunities & Strategy
Buy On Retest Option (Main):
Entry: 2,695 – 2,700 (wait for a correction to the 1h/4h EMA 20 area).
Take Profit (TP): TP 1 at 2,722, TP 2 at 2,743, and TP 3 at 2,800.
Stop Loss (SL): Below 2,660 (below the 1h EMA 200 & 4h EMA 50).
Breakout Buy Option:
Entry: After the 1h candle closes solidly above 2,722.
Take Profit (TP): Target at 2,743 to 2,806.
Stop Loss (SL): Below 2,700.
Disclaimer: Trading decisions are the responsibility of each individual. Always use risk management and a Stop Loss.
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$ETH