ETH/USDT 1H: Oversold & Ready to Rebound – Bulls Eyeing $3,320! 
2025-02-03
Category: None

ETH/USDT 1H Chart Analysis
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 Market Condition: 
 
 Price: $2,939, currently in a discount zone.
 RSI: 26.4, indicating extreme oversold conditions.
 
 Key SMC Levels: 
 
 Support: $2,880 (major discount zone).
 Resistance: $3,120 (equilibrium).
 Premium Zone: $3,320 - $3,400.
 
 Trade Setup (Confidence 8/10): 
 
 Long Entry: $2,880 - $2,900 zone.
 Targets:
 T1: $3,120.
 T2: $3,320.
 Stop Loss: $2,840 (below discount).
 Risk/Reward Ratio: 1:3.5 (favorable R:R).
 
 Market Maker Analysis: 
 
 Distribution Phase Complete—now transitioning to accumulation.
 Hidden Bullish Divergence Forming on RSI, signaling a potential reversal.
 Expect a liquidity grab below $2,880 before price rebounds.
 Smart Money likely accumulating at these levels.
 
 Risk Score: 7/10 
 
 Wait for confirmation of support at discount zone before entering.
 Declining volume suggests a potential reversal is forming.
 Strong technical setup for longs once support is validated.
 
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