$ETH has broken through the three lines on the 30-minute chart with significant volume.
Current price 1687.91, sitting right above the key level of EMA233 at 1686.26.
This breakout is accompanied by 2.41 times the average volume, clearly showing capital involvement.
🔥 For short-term trading, we need to see if support holds around 1649.30 to 1686.26.
The moving average structure hasn't fully transitioned to a bullish arrangement yet, so blindly chasing highs here could lead to a pullback.
🚨 The core defensive level is firmly at 1641.05; a drop below this means the breakout has failed.
RSI is currently at 61.27, and momentum is still pushing upward.
Right now, there's no need to rush into predicting how high it can go.
👀 Keep a close eye on 1686.26 and see if it can hold.
Trading Plan (Long):
Entry: 1687.9 – 1693.0
Stop Loss: 1646.0
First Target: 1757.1
Second Target: 1801.6
Third Target: 1868.2
Why this setup?
• The volume breakout reached 2.41 times the average volume, confirming effective capital behavior
• EMA144 support at 1649.3; if it breaks, we stop out, clear logic
• RSI at 61.3, with momentum still expanding
• First time breaking above three lines, confirming the trend for entry, with stop loss below the moving average
⚠️ N.F.A. For reference only.👇️
#BTC #ETH $BTC $ETH
Current price 1687.91, sitting right above the key level of EMA233 at 1686.26.
This breakout is accompanied by 2.41 times the average volume, clearly showing capital involvement.
🔥 For short-term trading, we need to see if support holds around 1649.30 to 1686.26.
The moving average structure hasn't fully transitioned to a bullish arrangement yet, so blindly chasing highs here could lead to a pullback.
🚨 The core defensive level is firmly at 1641.05; a drop below this means the breakout has failed.
RSI is currently at 61.27, and momentum is still pushing upward.
Right now, there's no need to rush into predicting how high it can go.
👀 Keep a close eye on 1686.26 and see if it can hold.
Trading Plan (Long):
Entry: 1687.9 – 1693.0
Stop Loss: 1646.0
First Target: 1757.1
Second Target: 1801.6
Third Target: 1868.2
Why this setup?
• The volume breakout reached 2.41 times the average volume, confirming effective capital behavior
• EMA144 support at 1649.3; if it breaks, we stop out, clear logic
• RSI at 61.3, with momentum still expanding
• First time breaking above three lines, confirming the trend for entry, with stop loss below the moving average
⚠️ N.F.A. For reference only.👇️
#BTC #ETH $BTC $ETH