ETHEREUM $ETH RECOVERING OFF LOCAL BOTTOM SUPPORT! ARE BULLS TARGETING $2731.19 NEXT?
Pair: $ETH /USDT
Direction: LONG
Entry Price: 2678.41
Target Levels (Take Profit)
TP 1: 2698.20 +0.74%
TP 2: 2711.40 +1.23%
TP 3: 2731.19 +1.97%
Stop Loss
SL: 2652.02
Technical Breakdown
ETH ($2678.31) formed a dynamic double-bottom structure after sweeping liquidity down near $2640.00. Green recovery candles have pushed price action back up toward the middle Bollinger Band (BB 20), establishing strong buyer defense.
Short-term MA 7 is curling upward beneath price action, attempting a bullish cross over MA 25. Pushing past the overhead baseline MA 99 (~2700.00) will provide the technical impetus needed to trigger the run toward TP3.
RSI (14) has sloped upwards out of oversold territory toward 47.00, confirming steady buyer absorption with ample runway remaining. The MACD histogram sell volume has fully depleted, with signal lines executing a fresh bullish crossover below the zero line, signaling an emerging momentum wave to the upside.
$ETH
Pair: $ETH /USDT
Direction: LONG
Entry Price: 2678.41
Target Levels (Take Profit)
TP 1: 2698.20 +0.74%
TP 2: 2711.40 +1.23%
TP 3: 2731.19 +1.97%
Stop Loss
SL: 2652.02
Technical Breakdown
ETH ($2678.31) formed a dynamic double-bottom structure after sweeping liquidity down near $2640.00. Green recovery candles have pushed price action back up toward the middle Bollinger Band (BB 20), establishing strong buyer defense.
Short-term MA 7 is curling upward beneath price action, attempting a bullish cross over MA 25. Pushing past the overhead baseline MA 99 (~2700.00) will provide the technical impetus needed to trigger the run toward TP3.
RSI (14) has sloped upwards out of oversold territory toward 47.00, confirming steady buyer absorption with ample runway remaining. The MACD histogram sell volume has fully depleted, with signal lines executing a fresh bullish crossover below the zero line, signaling an emerging momentum wave to the upside.
$ETH
