ETH/USDT 1H: Bulls in Control – Eyeing $3,500 Next!

ETH/USDT 1H Chart Analysis
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Market Condition:

• Price: $3,380, showing strong bullish momentum after breaking premium zone.
  
• RSI: 65.48, indicating room for upside but nearing overbought territory.
  
• Volume: High, confirming breakout above previous range highs.
  

Key Levels:

• Support: $3,225 (Equilibrium).
  
• Resistance: $3,425 (Premium Zone).
  
• Risk Level: 8/10 (High volatility expected).
  

Trade Setup (Confidence 8/10):

• Entry: Wait for a pullback to $3,325 - $3,350 before entering.
  
• Targets:
  
• T1: $3,425 (Premium Zone).
  
• T2: $3,500 (Psychological Level).
  
• Stop Loss: Below $3,280 (Last swing low).
  

Smart Money Analysis:

• Institutional Buying Pressure: Visible in strong breakouts above previous highs.
  
• No significant divergences present.
  
• Market Makers Likely Accumulating before next leg up.
  
• Volume Profile Supports bullish continuation.
  

Recommendation:

• Look for long positions on pullbacks—current price slightly extended.
  
• Avoid chasing longs at these levels, wait for confirmation.
  
• Monitor volume on retest of $3,325 - $3,350 for ideal entry.
  
• Confidence Level: 8/10 for bullish continuation.
  

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