ETH/USDT 1H: Bulls Charge Toward $3420 After Breaking Key Levels
2025-01-31
Category: None

ETH/USDT 1H Chart Analysis
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 Current Market Structure: 
 
 Bullish trend confirmed after breaking previous high at $3280.
 RSI: Hidden Bullish Divergence at 58.80, aligning with price momentum.
 Volume Confirmation: Strong buying pressure supports the breakout.
 

 Smart Money Levels: 
 
 Support: $3180 (Previous Consolidation High - PCH).
 Resistance: $3340 (Premium Zone).
 Key Level: $3246 (acting as equilibrium).
 

 Trade Setup (Confidence 8/10): 
 
 Entry Zone: $3246 - $3250.
 Targets:
 T1: $3340
 T2: $3380
 T3: $3420
 Stop Loss: Below $3175 (under PCH).
 Risk Score: 7/10 (favorable Risk/Reward).
 

 Market Maker Intent: 
 
 Accumulation phase completed at lower levels.
 Currently in markup phase, targeting premium zones.
 Volume Profile: Indicates strong institutional demand, supporting continuation.
 

 Recommendation: 
 
 Long positions favored in the $3246 - $3250 range.
 Watch for volume confirmation above $3280 for added confidence.
 Maintain tight stops below $3175 to minimize downside risk.
 Confidence Level: 8/10 for bullish continuation.
 
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