ETH/USDT – Consolidation near local peak, preparing for breakout
Trading Plan: Long $ETH
Entry: 2,335 – 2,355
SL: 2,285
TP1: 2,395
TP2: 2,440
TP3: 2,510
Analysis:
Ethereum is currently showing a strong bullish structure on the 12h chart. After a solid bounce from the $2,000 support zone, price is now consolidating just below the $2,415 resistance. The Supertrend remains green, indicating the primary trend is still upward.
Technically, the RSI is holding at 62, showing healthy momentum without being overbought. The MACD is also trending positively above the zero line. This sideways movement is a classic "bull flag" pattern—buyers are absorbing the selling pressure, setting the stage for the next leg up towards $2,500+.
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