ETH/USDT 1H: Bulls Gaining Strength – $3,300 in Sight? 
2025-02-04
Category: None

ETH/USDT 1H Chart Analysis
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 Current Market Structure: 
 
 Price at $2,890 showing bullish momentum after breaking premium zone.
 RSI at 65.32, confirming strength but not overbought yet.
 Volume confirmation on breakout above previous resistance.
 

 Smart Money Concepts: 
 
 Market Makers completed accumulation at the $2,400-$2,500 zone.
 Premium Zone established around $3,100-$3,300.
 Fair Value Gap (FVG) needs filling at $3,100.
 

 Key Levels: 
 
 Entry Zone: Current price ($2,890) or pullback to $2,850.
 Targets:
 T1: $3,100 (FVG Fill).
 T2: $3,300 (Premium Zone).
 Stop Loss: Below $2,750 (recent swing low).
 

 Risk Score: 
 
 7/10 (Favorable R:R but watch for rejection at premium zone).
 
 
Market Maker Intent: 
 
 Accumulation phase complete, now in markup/distribution phase.
 Expect ranging between $2,850-$3,100 before the next major move.
 No significant divergences present, structure suggests continued upside after FVG fill.
 

 Recommendation: 
 
 Long positions favorable within $2,850-$2,890 range.
 Monitor price action around $3,100 resistance for rejection signs.
 Avoid chasing, best entries on pullbacks.
 

 Confidence Level: 
 
 8/10 for bullish continuation.
 
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