$ETH Quick Long Analysis
Trend: Short-term bearish pullback within larger consolidation range.
Key Indicator Summary:
· EMAs: Price trading below EMA 200 ($3,202.93) but above EMA 50 ($3,013.97) - mixed signals
· MACD: Bullish but momentum fading (DIF 62.40 > DEA 51.77, histogram positive but small at 10.63)
· RSI: Neutral at 59.13 - leaning slightly bullish but not overbought
Long Entry Zones:
1. Optimal: $3,065 - $3,080 (bounce at 24h low + EMA 50 confluence with RSI >50)
2. Aggressive: Break & close above $3,240 (above 24h high + EMA 200 break)
Stop Loss: $2,995 (below EMA 50 cluster)
Take Profit Targets:
· TP1: $3,240 (24h high/recent resistance)
· TP2: $3,340 (chart resistance level)
· TP3: $3,595 (next major swing high on chart)
Risk: 1.5-2% per trade
Confirmation: MACD histogram expanding upwards OR RSI holding above 50 on pullback.
