$ETH: Spot Inflows Surge for $ETH as Futures Open Interest Rises
LONG SETUP ETH
Entry: $2721.42 - $2726.83
Stop Loss: $2628.00
Take Profit: $2916.38 (2R)
Key Levels: Support $2691.01 | Resistance $2721.42
Technical Analysis for $ETH: ETH is trading above the 1hour resistance (2721.42) with price at 2726.83. All EMAs are stacked bullish (EMA9 2715, EMA21 2700, EMA50 2690, EMA200 2673). MACD histogram is positive (+5.46) and the MACD line sits well above the signal line, confirming upward momentum. RSI at 62.7 shows strength without being overbought. Stochastic is high (K 77, D 86) but not yet in overbought territory. The 3hour order book shows a slight askside imbalance, but the overall technical picture favors a continuation higher.
Market Context: BTC remains in a bullish trend on both 4hour and daily frames, supporting a riskon environment. The broader market breadth is strongly positive (84% green).
#ETH #Ethereum #TradingSetup
LONG $ETH
LONG SETUP ETH
Entry: $2721.42 - $2726.83
Stop Loss: $2628.00
Take Profit: $2916.38 (2R)
Key Levels: Support $2691.01 | Resistance $2721.42
Technical Analysis for $ETH: ETH is trading above the 1hour resistance (2721.42) with price at 2726.83. All EMAs are stacked bullish (EMA9 2715, EMA21 2700, EMA50 2690, EMA200 2673). MACD histogram is positive (+5.46) and the MACD line sits well above the signal line, confirming upward momentum. RSI at 62.7 shows strength without being overbought. Stochastic is high (K 77, D 86) but not yet in overbought territory. The 3hour order book shows a slight askside imbalance, but the overall technical picture favors a continuation higher.
Market Context: BTC remains in a bullish trend on both 4hour and daily frames, supporting a riskon environment. The broader market breadth is strongly positive (84% green).
#ETH #Ethereum #TradingSetup
LONG $ETH
