Ethereum just ripped +6% after breaking above $3,250, and now everyone is screaming “new leg up.” But smart traders know the real battle is happening right at the 50-day EMA and the $3,470 resistance zone. This is where breakouts either explode… or brutally fail.
At the moment, ETH is testing a high-risk, high-reward decision zone.
📊 Technical Outlook (Daily Chart)
Key Resistance: $3,470 (50-day EMA + structure resistance)
Bullish Break Target: $3,800
Major Supports Below:
$3,100 (first defense)
$2,850 (last bullish stronghold)
✅ RSI has reclaimed the neutral zone, signaling improving momentum.
⚠️ Stochastic is deep in overbought territory, warning that a short-term pullback is very possible before continuation.
This means: volatility is about to expand.
✅ High-Probability Trading Plan
🟢 LONG SETUP (Break & Hold Above Resistance)
📌 Buy Zone: $3,380 – $3,480
🎯 TP1: $3,650
🎯 TP2: $3,800
🎯 TP3 (Extension): $4,095
🛑 Stop Loss: $3,280
🔴 SHORT SETUP (Rejection at EMA 50)
📌 Sell Zone: $3,450 – $3,500
🎯 TP1: $3,100
🎯 TP2: $2,850
🛑 Stop Loss: $3,620
💬 The brutal truth:
If ETH fails at $3,470, late longs will get trapped fast.
If ETH holds above it, bears will be forced to chase all the way to $3,800+.
There is no neutral outcome here. Only winners and liquidations.
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#ETH #Ethereum #CryptoTrading
