🚀 $ETH Overbought but Bullish — Key Support Holds the Trend
Technical View:
RSI above 70 → strong momentum but slightly overbought (possible short-term pullback).
MACD positive and above its signal line → bullish continuation.
Price trading above the 20 MA (2120) and 50 MA (2095) → trend structure remains strong.
ETH also broke above the upper Bollinger Band, showing strong expansion.
Trade Idea — LONG
Entry: 2,130 – 2,160
Stop Loss: 2,100
Targets:
TP1: 2,220
TP2: 2,260
TP3: 2,320
As long as 2,123 holds, the bullish momentum could push ETH toward higher resistance zones.
Trade here 👇🏻
ETHUSDT
Perp
2,139.76
+3.08%
#eth #ETHETFsApproved #Ethereum #ETHETFS #bullish

ETH
2,271.9
-2.44%
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