ETH/USDT 1H: Bulls in Control – Eyeing $3,500 Next! 
2025-02-01
Category: None

ETH/USDT 1H Chart Analysis
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 Market Condition: 
 
 Price: $3,380, showing strong bullish momentum after breaking premium zone.
 RSI: 65.48, indicating room for upside but nearing overbought territory.
 Volume: High, confirming breakout above previous range highs.
 
 Key Levels: 
 
 Support: $3,225 (Equilibrium).
 Resistance: $3,425 (Premium Zone).
 Risk Level: 8/10 (High volatility expected).
 
 Trade Setup (Confidence 8/10): 
 
 Entry: Wait for a pullback to $3,325 - $3,350 before entering.
 Targets:
 T1: $3,425 (Premium Zone).
 T2: $3,500 (Psychological Level).
 Stop Loss: Below $3,280 (Last swing low).
 
 Smart Money Analysis: 
 
 Institutional Buying Pressure: Visible in strong breakouts above previous highs.
 No significant divergences present.
 Market Makers Likely Accumulating before next leg up.
 Volume Profile Supports bullish continuation.
 
 Recommendation: 
 
 Look for long positions on pullbacks—current price slightly extended.
 Avoid chasing longs at these levels, wait for confirmation.
 Monitor volume on retest of $3,325 - $3,350 for ideal entry.
 Confidence Level: 8/10 for bullish continuation.
 
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