$ETH /USDT – Breaking Resistance? 🚀
📊 Trend Overview (Technical):
$ETH is trading at $1,997.31 on the 1-hour chart, recovering from a low of $1,941.66. Price is above all EMAs, but the EMA ribbon is still mixed (7 & 25 below 99), indicating consolidation. Bollinger Bands show price above middle band ($1,981.70) approaching upper resistance at $2,009. RSI at 61 suggests bullish momentum, but volume is declining – a breakout needs volume confirmation.
💡 My Takes:
I'm watching the $2,015 level closely. A clean break above with volume could trigger a move toward $2,050+. If we reject here, expect a retest of $1,980 support. I'm scaling in cautiously with stops below $1,940. Patience pays.
📊 Key Levels:
🟢 Support: $1,980 | $1,941
🔴 Resistance: $2,009 | $2,015
📈 Trade Setup (Short-Term):
Entry: $1,990 – $2,000
🎯 TP1: $2,015
🎯 TP2: $2,050
🛑 SL: $1,940
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⚠️ Disclaimer: I am not a financial advisor. This analysis is for educational and informational purposes only and does not constitute financial advice. 📉 Cryptocurrency trading, especially in volatile tokens, involves substantial risk. 🔥 Past performance does not guarantee future results. Always conduct your own research (DYOR) and never invest more than you can afford to lose. 💰 Trade responsibly. 📊
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