ETH/USDT 1H: Momentum Strong – Can Bulls Break $2,820?!

"ETH/USDT 1H: Momentum Strong – Can Bulls Break $2,820?"
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Market Structure & Momentum:

Price: $2,734, showing strong momentum after breaking key resistance.
RSI at 64.50, confirming bullish momentum but not yet overbought.
Clear bullish structure, with higher lows forming.
Hidden bullish divergence confirmed on RSI, supporting continuation.

Key Levels:

Resistance: $2,780 (major supply zone).
Support: $2,680 (previous resistance turned support).
Fair Value Gap (FVG): $2,600-$2,620 range.
Trading Strategy:
Entry: Current price ($2,734) or pullback to $2,700 for better risk-reward.
Targets:
T1: $2,820 (+3.1%).
T2: $2,860 (+4.6%).
Stop Loss: Below $2,645 (-3.2%).

Risk Score:

6/10 – Momentum is strong, but price is nearing major resistance.

Smart Money Analysis:

Accumulation visible at the $2,600 zone, confirming institutional interest.
Market Makers likely targeting liquidity above $2,800.
Strong institutional buying pressure evident from the volume profile.

Recommendation:

Longs remain favorable, but watch for potential resistance at $2,780.
Keep tight stops below $2,645 in case of rejection.
Break and hold above $2,780 confirms strength for a move toward $2,860.

Confidence Level:

8/10 – Bulls in control, but price must clear $2,780 resistance for extended upside.

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Cryptokijker

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Cryptokijker