ETH/USDT 1H: Bullish Breakout Holding – Next Stop $2,175?

ETH/USDT 1H: Bullish Breakout Holding – Next Stop $2,175?

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Current Market Conditions (Confidence: 8/10):

• Price at $2,043, maintaining strong momentum following a breakout.
  
• RSI at 67.54, approaching overbought territory but still has room for continuation.
  
• Clear break above previous resistance at $1,925, confirming bullish structure.
  
• No significant bearish divergences present, reinforcing continuation potential.
  

LONG Trade Setup:

• Entry: $2,035 - $2,045 zone.
  
• Targets:
  
• T1: $2,100 (short-term resistance).
  
• T2: $2,175 (extended target).
  
• Stop Loss: $1,925 (below recent support).
  

Risk Score:

• 6/10 – Lower risk due to strong structure, but resistance at $2,200 remains a key level to
  

monitor.
Market Maker Activity:

• Accumulation evident at higher levels, with minimal selling pressure.
  
• Clean breakout above resistance suggests further bullish continuation.
  
• Key resistance ahead at $2,200, with strong support at $1,875.
  

Recommendation:

• Long positions remain favorable within the $2,035 - $2,045 entry range.
  
• Watch $2,100 and $2,175 for profit-taking zones.
  
• Monitor volume on the approach to $2,200 to confirm breakout strength.
  

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