ETH/USDT 1H: Bulls Gaining Strength – $3,300 in Sight?

ETH/USDT 1H Chart Analysis
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Current Market Structure:

• Price at $2,890 showing bullish momentum after breaking premium zone.
  
• RSI at 65.32, confirming strength but not overbought yet.
  
• Volume confirmation on breakout above previous resistance.
  

Smart Money Concepts:

• Market Makers completed accumulation at the $2,400-$2,500 zone.
  
• Premium Zone established around $3,100-$3,300.
  
• Fair Value Gap (FVG) needs filling at $3,100.
  

Key Levels:

• Entry Zone: Current price ($2,890) or pullback to $2,850.
  
• Targets:
  
• T1: $3,100 (FVG Fill).
  
• T2: $3,300 (Premium Zone).
  
• Stop Loss: Below $2,750 (recent swing low).
  

Risk Score:

• 7/10 (Favorable R:R but watch for rejection at premium zone).
  

Market Maker Intent:

• Accumulation phase complete, now in markup/distribution phase.
  
• Expect ranging between $2,850-$3,100 before the next major move.
  
• No significant divergences present, structure suggests continued upside after FVG fill.
  

Recommendation:

• Long positions favorable within $2,850-$2,890 range.
  
• Monitor price action around $3,100 resistance for rejection signs.
  
• Avoid chasing, best entries on pullbacks.
  

Confidence Level:

• 8/10 for bullish continuation.
  

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