ETH/USDT 1H: Bulls Charge Toward $3420 After Breaking Key Levels

ETH/USDT 1H Chart Analysis
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Current Market Structure:

• Bullish trend confirmed after breaking previous high at $3280.
  
• RSI: Hidden Bullish Divergence at 58.80, aligning with price momentum.
  
• Volume Confirmation: Strong buying pressure supports the breakout.
  

Smart Money Levels:

• Support: $3180 (Previous Consolidation High - PCH).
  
• Resistance: $3340 (Premium Zone).
  
• Key Level: $3246 (acting as equilibrium).
  

Trade Setup (Confidence 8/10):

• Entry Zone: $3246 - $3250.
  
• Targets:
  
• T1: $3340
  
• T2: $3380
  
• T3: $3420
  
• Stop Loss: Below $3175 (under PCH).
  
• Risk Score: 7/10 (favorable Risk/Reward).
  

Market Maker Intent:

• Accumulation phase completed at lower levels.
  
• Currently in markup phase, targeting premium zones.
  
• Volume Profile: Indicates strong institutional demand, supporting continuation.
  

Recommendation:

• Long positions favored in the $3246 - $3250 range.
  
• Watch for volume confirmation above $3280 for added confidence.
  
• Maintain tight stops below $3175 to minimize downside risk.
  
• Confidence Level: 8/10 for bullish continuation.
  

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