$ETH is breathing fire on the one hour chart. Strong bullish momentum just pushed price above the recent range and buyers are still in control. The structure shows higher lows and aggressive candles which signals confidence not fear.
Support zone
3185 to 3165 this area acted as a launch pad and bulls defended it hard
Resistance zone
3230 to 3260 first wall where profit pressure may appear
Entry
3200 to 3210 on a mild pullback or clean hold above support
Target
3245 first push
3285 continuation zone if momentum stays hot
Stop loss
3158 below structure support to stay safe
Market mood feels hungry not exhausted. As long as ETH holds above support dips are fuel not danger. Trade with discipline and let momentum do the heavy lifting.
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ETH
2,266.2
-2.91%