ETH sitting at $2,457 with 0.56% change and whisper-quiet volume (0.31x average). This is the calm before the storm — and the daily chart says the storm is bullish.
📊 The setup:
Daily RSI at 70.7 — strong momentum without overbought exhaustion. Price above SMA7 ($2,472), SMA25 ($2,157), and SMA99 ($1,892). Daily MACD is strongly positive at +156.5 with histogram expanding. The 4H is neutral at RSI 50.2, which means the short-term is just digesting, not reversing.
🎯 Why This Trade?
ETH is consolidating in a tight range above $2,400 support. When daily momentum is this strong and 4H compresses, the breakout usually follows the daily trend. Low volume consolidation near highs = accumulation.
📋 Trade Plan (LONG):
Entry: $2,444 – $2,471 (buy the consolidation zone)
Stop Loss: $2,405 (below key support, ~1.6% risk)
TP1: $2,556 (+3.6%)
TP2: $2,654 (+7.6%)
TP3: $2,752 (+11.6%)
Risk/Reward: 1.9R — clean setup with strong upside potential.
⚠️ If 4H closes below $2,444 with volume, expect a deeper pullback to SMA25 at $2,157. But as long as $2,400 holds, the bias remains bullish.
Will ETH break $2,500 this week or will BTC dominance keep it capped? Drop your ETH target for September 👇
#ETH #Ethereum #DYOR
⚠️ Not financial advice. Always do your own research and manage risk responsibly.