ETH/USDT – $2,444.20 (+6.01%)
24h change: Strong bullish session with a clean 6% gain and solid volume over 1B USDT. Price broke above multiple moving averages on the 4H and daily timeframe.
Technical structure: Bullish continuation after retesting the $2,300–$2,350 zone. Price has now closed above the 7-period EMA ($2,343), 25-period MA ($2,331), and is pushing toward the upper Bollinger Band. The chart shows higher highs and higher lows forming since the $2,021 low.
Key support: $2,400 (today’s open + 7-period EMA) → $2,349 (previous swing high turned support)
Key resistance: $2,456 (today’s high) → $2,500 psychological level
Indicators: RSI climbing but not yet overbought. MACD showing strong bullish momentum with widening histogram.
Buy Setup (Preferred): Enter long on any dip to $2,420–$2,430. Stop-loss below $2,400 (invalidates the move). First target $2,500 (2:1 RR). Extension target $2,550 if volume stays strong.
Sell/Short Setup: Only if price rejects $2,456 and closes below $2,420 on high volume. Stop above $2,460. Target $2,350–$2,300. Risky in current momentum.
Best approach: Bullish bias. Trail stops above $2,400 once in profit. This looks like the start of a larger recovery leg for ETH.
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