$ETH is back above $2,435 after defending $2,174 — but this is a vertical pump, not a safe breakout yet.
On the 4H chart price is now trading above ALL major EMAs - EMA 7 at $2,327, EMA 25 at $2,291 and EMA 99 at $2,338, which is keeping the structure strongly bullish. Supertrend is now green below at $2,246 and SAR dots are flipping under price, showing buyers are in full control. BOLL has expanded after the breakout, price is even above the Upper Band at $2,360, so momentum is very strong but also stretched.
RSI is at 85 — heavily overbought. That means a short-term pullback / cool-off is very possible. Chasing here is risky. Volume today is around $636M, much better than before, this pump has real buying behind it, but after a +6.53% move in one day, a healthy retest is normal.
*Levels to watch:*
Immediate Resistance: $2,450
Major Resistance: $2,480
Immediate Support: $2,360 / $2,338
Major Support: $2,284 / $2,174
*Scenario:*
If $ETH holds above $2,360 and closes 4H above $2,450 with volume, next target is $2,480 - $2,550. If it rejects from $2,450 and loses $2,360, we will likely retest $2,284 again. I am not chasing this green candle, I am waiting for a retest of $2,360.
Are you buying this pump or waiting for the $2,360 retest?
Follow for real-time updates, no fake signals.
If this analysis helped you, a small Tip is appreciated 🙏
#ETH #Ethereum #CryptoTrading #ETHUSDT
On the 4H chart price is now trading above ALL major EMAs - EMA 7 at $2,327, EMA 25 at $2,291 and EMA 99 at $2,338, which is keeping the structure strongly bullish. Supertrend is now green below at $2,246 and SAR dots are flipping under price, showing buyers are in full control. BOLL has expanded after the breakout, price is even above the Upper Band at $2,360, so momentum is very strong but also stretched.
RSI is at 85 — heavily overbought. That means a short-term pullback / cool-off is very possible. Chasing here is risky. Volume today is around $636M, much better than before, this pump has real buying behind it, but after a +6.53% move in one day, a healthy retest is normal.
*Levels to watch:*
Immediate Resistance: $2,450
Major Resistance: $2,480
Immediate Support: $2,360 / $2,338
Major Support: $2,284 / $2,174
*Scenario:*
If $ETH holds above $2,360 and closes 4H above $2,450 with volume, next target is $2,480 - $2,550. If it rejects from $2,450 and loses $2,360, we will likely retest $2,284 again. I am not chasing this green candle, I am waiting for a retest of $2,360.
Are you buying this pump or waiting for the $2,360 retest?
Follow for real-time updates, no fake signals.
If this analysis helped you, a small Tip is appreciated 🙏
#ETH #Ethereum #CryptoTrading #ETHUSDT
