ETH/USDT 1H: Bulls Target $3,400 After Key Recovery!
2025-01-28
Category: None

ETH/USDT 1H Chart Analysis
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Current Price: $3,204

 Market Structure: 
 
 Bullish momentum following recent recovery.
 RSI: 57.77, showing moderate strength with room for further upside.
 

 Key Levels: 
 
 Support: $3,050 (previous resistance turned support).
 Resistance: $3,325 (supply zone).
 Premium Zone: $3,400-$3,425 (likely target for distribution).
 

 Trade Setup (Confidence Level: 7/10): 
 
 Entry Zone: $3,190-$3,210
 Targets:
 T1: $3,325
 T2: $3,400
 Stop Loss: Below $3,050
 Risk Score: 6/10 (manageable with tight stops).
 

 Market Maker Analysis: 
 
 Accumulation phase completed at $3,050.
 Distribution likely near $3,400+ (premium zone).
 Hidden Bullish Divergence: On RSI, supporting continued upward momentum.
 
 
Recommendation: 
 
 Long position favored within the $3,190-$3,210 range.
 Monitor volume and price action as price approaches $3,325 for potential breakout toward $3,400.
 Tight risk management is key due to broader market volatility.
 Confidence Level: 7/10 for bullish continuation.
 
 
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