ETH crossed $2,500 with $1.2B in volume — but here's what most people are missing about this move. 🧐
Ethereum is at $2,500.70, up 2.68%, riding a strong uptrend. The 4H RSI at 68.9 is bullish but NOT overbought yet — there's room to run. The daily MACD histogram (+32.2) is expanding, and price is 22.7% above the 25-day SMA ($2,038). The 99-day SMA at $1,874 shows the macro structure is rock solid.
📊 Why This Trade Works:
Unlike BTC which is deep in overbought territory, ETH's 4H RSI (68.9) still has runway before hitting 80. The price is trending cleanly above all major moving averages, and the MACD crossover on the daily is confirmed. The key insight: ETH/BTC ratio tends to expand in late-cycle rallies, and we may be in early innings of that rotation.
🎯 Trade Plan:
• Entry: $2,477 - $2,525
• Stop Loss: $2,563
• TP1: $2,600 | TP2: $2,701 | TP3: $2,801
• Risk/Reward: 1.6R
🎯 ETH at $3K in August or too optimistic? Tell me your target 👇
#ETH #Ethereum #DYOR
⚠️ Disclaimer: This is not financial advice. Trading crypto carries significant risk. Always do your own research and never invest more than you can afford to lose.
Ethereum is at $2,500.70, up 2.68%, riding a strong uptrend. The 4H RSI at 68.9 is bullish but NOT overbought yet — there's room to run. The daily MACD histogram (+32.2) is expanding, and price is 22.7% above the 25-day SMA ($2,038). The 99-day SMA at $1,874 shows the macro structure is rock solid.
📊 Why This Trade Works:
Unlike BTC which is deep in overbought territory, ETH's 4H RSI (68.9) still has runway before hitting 80. The price is trending cleanly above all major moving averages, and the MACD crossover on the daily is confirmed. The key insight: ETH/BTC ratio tends to expand in late-cycle rallies, and we may be in early innings of that rotation.
🎯 Trade Plan:
• Entry: $2,477 - $2,525
• Stop Loss: $2,563
• TP1: $2,600 | TP2: $2,701 | TP3: $2,801
• Risk/Reward: 1.6R
🎯 ETH at $3K in August or too optimistic? Tell me your target 👇
#ETH #Ethereum #DYOR
⚠️ Disclaimer: This is not financial advice. Trading crypto carries significant risk. Always do your own research and never invest more than you can afford to lose.