$ETH
The medium to long-term trend remains strongly bullish — the price is consolidating in an upward channel after reclaiming the support zone of 3000–3050 (50% fibo pullback from the recent ATH), with stable volume and clear higher lows. The recent pullback has held above the SMA20 (~3080), showing strong dip buying power from institutional flows, especially with the upcoming ETF narrative and upgrade. RSI(14) is at 48–50 (neutral, not oversold), MACD maintains above the zero line with a slight positive histogram → momentum is building for a new leg. A sustainable close above 3200 will confirm the breakout, targeting a retest of ATH 3500+.
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• Entry Zone: 3100.0 – 3120.0
(safer: wait for a retest and bounce from 3080–3100)
• TP1: 3300.0
• TP2: 3500.0
• TP3: 3800.0 – 4000.0
• Stop-Loss: 3000.0 (losing major support + below SMA50)
Minimum R:R 1:3 → potential up to 1:8+ if volume explodes.
In conclusion: High-quality long setup on daily, confident in the dip, cut losses quickly if it drops below 3000. Monitor $BTC correlation to confirm. 🚀
