$ETH Current price 1790.43 has reached a 17-day new high at 1795.58. In the 1-hour timeframe, it broke out with a volume surge of 4.64x—confirming a strong uptrend with bullish momentum fully locked in.
Trading Plan—Go Long 📈:
Entry: 1790.4 – 1795.8
Stop loss: 1668.0
First target: 1980.8
Second target: 2106.0
Third target: 2293.7
Why choose this setup?
• On breakout, volume surged 4.64x—clear evidence of capital entering
• Moving-average support at 1671.3: if it breaks, we exit—no hesitation or messy logic
• Indicators at 72.2: the bullish push hasn’t shown signs of topping yet
• Price is holding above three moving averages for the first time—this is a standard trend “on-board” point
🧠 Market Logic
On the 1-hour cycle, the moving averages are aligned bullishly. The three lines—1671.30, 1665.15, and 1657.12—are pushing upward along with price, and the overall structure is solid. However, there’s no extreme one-sided short-squeeze signal in the local area yet. The current spike looks more like a second push after a shakeout and pullback.
📌 Key Levels
Above, watch whether price can hold steady in the new-high range around 1795.58. As long as it doesn’t pull back and break below the prior low of 1668.0 and the moving-average defense, this bullish trend cycle is unlikely to be easily terminated.
👀 What to watch next
After the volume surge and the spike high, watch how well the price holds during consolidation. In the coming few hours, if it pulls back on reduced volume but doesn’t break 1790.4, or if volume continues to stay above the current average volume, that would be the most ideal “washout confirmation” signal.
⚠️ Technical analysis is for reference only and does not constitute investment advice👇👇👇
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Trading Plan—Go Long 📈:
Entry: 1790.4 – 1795.8
Stop loss: 1668.0
First target: 1980.8
Second target: 2106.0
Third target: 2293.7
Why choose this setup?
• On breakout, volume surged 4.64x—clear evidence of capital entering
• Moving-average support at 1671.3: if it breaks, we exit—no hesitation or messy logic
• Indicators at 72.2: the bullish push hasn’t shown signs of topping yet
• Price is holding above three moving averages for the first time—this is a standard trend “on-board” point
🧠 Market Logic
On the 1-hour cycle, the moving averages are aligned bullishly. The three lines—1671.30, 1665.15, and 1657.12—are pushing upward along with price, and the overall structure is solid. However, there’s no extreme one-sided short-squeeze signal in the local area yet. The current spike looks more like a second push after a shakeout and pullback.
📌 Key Levels
Above, watch whether price can hold steady in the new-high range around 1795.58. As long as it doesn’t pull back and break below the prior low of 1668.0 and the moving-average defense, this bullish trend cycle is unlikely to be easily terminated.
👀 What to watch next
After the volume surge and the spike high, watch how well the price holds during consolidation. In the coming few hours, if it pulls back on reduced volume but doesn’t break 1790.4, or if volume continues to stay above the current average volume, that would be the most ideal “washout confirmation” signal.
⚠️ Technical analysis is for reference only and does not constitute investment advice👇👇👇
#BTC #ETH $BTC $ETH