ETH/USDT 1H: Bulls Aiming for $3,280 After Key Bounce !!
2025-01-27
Category: None

ETH/USDT 1H Chart Analysis
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Current Price: $3,124

 Market Condition: 
 
 Bearish trend with a bounce from oversold conditions.
 RSI: Bullish divergence at recent lows, indicating potential recovery.
 
 
 Key Levels: 
 
 Support: $3,040
 Resistance: $3,200, $3,280
 Critical Level: $3,350
 
 
Trade Setup (Confidence Level: 7/10): 
 
 Entry Zone: $3,124-$3,140
 Targets:
 T1: $3,200
 T2: $3,280
 Stop Loss: Below $3,020
 Risk Score: 7/10 (manageable with tight risk management).
 

 Smart Money Analysis: 
 
 Accumulation phase visible in the $3,040-$3,080 range, supported by volume profile.
 Market makers likely preparing for a push to test $3,200 resistance.
 Choppy price action expected between $3,100-$3,200 during distribution.
 

 Recommendation: 
 
 
 
 
 Long position is favorable within $3,124-$3,140.
 Monitor volume closely at $3,200 for breakout confirmation toward $3,280.
 Maintain modest position sizes due to recent volatility.
 Confidence Level: 7/10 for a cautious bullish setup.
 

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