I'm seeing a strong but indecisive upward squeeze for Ethereum $ETH in the short term.
📊 Overall Situation (15m) * Price: 2346 * Last high: 2352 * Strong reaction from the low (2300) → short squeeze / quick buy * Currently consolidating below the high ⸻ 🔥 Technical Reading 1. Trend * MA7 > MA25 > MA99 → clear bullish structure * Price above the moving averages → trend up 2. Resistance * 2350 – 2355 zone → strong resistance (tested 2 times, not broken yet) 3. Support * 2335 – 2330 → short-term support * 2320 → main support (if broken, momentum weakens) ⸻ 📉 Indicators * RSI ~66 → close to overbought (watch out ⚠️) * MACD → positive but the slope is slowing down → momentum might weaken ⸻ 🧠 Scenarios ✅ Bullish Scenario * If we see a 15m close above 2355: * Targets open for 2365 → 2380 ❌ Bearish Scenario * If 2330 is broken: * Pullback to 2320 → 2305 ⸻ ⚠️ Critical Comment The most important situation right now: There is an uptrend, but it's losing strength So: * Chasing a direct long is risky * Either wait for a breakout * Or enter on a pullback ⸻ 🎯 Short Strategy! NOT INVESTMENT ADVICE 🚨 * Breakout: above 2355 * Pullback: around 2330 * Stop: below 2320