$ETH / USDT – Bullish Pressure Building
Current Price: ~$3,180 – $3,200
Analysis:
Strong whale activity and long positions are accumulating near $3,100–$3,250.
Recent liquidation wave wiped out $113.6M in futures, but bearish shorts were weaker ($64.6M), suggesting reduced selling pressure.
Price holding above $3,100 support and the 20-day EMA.
Resistance at $3,250 is key — a breakout here can target the 50-day EMA ($3,470).
Momentum indicators: RSI ~50 (neutral), Stochastic near overbought. A bullish crossover could fuel a short-term rally.
Trade Setup (Long Potential):
Entry Zone: $3,120 – $3,170 (near support / whale accumulation zone)
Bullish Above: $3,250 (confirmation breakout)
Targets:
TP1: $3,350
TP2: $3,470
TP3: $3,550 (extension if momentum strong)
Stop-Loss: $3,000
Risk/Reward Notes:
Keep an eye on $3,250; rejection may trigger consolidation or short-term pullback.
Loss of $3,000 risks a deeper retracement toward $2,800 support.
Summary:
Whale accumulation + weakened short pressure + price holding key support suggests $ETH is gearing for a potential short-term upward move. Breakout above $3,250 would confirm the bullish scenario.
