The chart shows a **bullish outlook for Ethereum (ETH/USD)** on the 1-hour timeframe, suggesting a potential continuation of the uptrend after a recent breakout.
Chart Breakdown:
* **Current Price:** \~\$3,038
* **Key Levels:**
* **S1 (Support 1):** Around \$2,996 — a key breakout and retest level.
* **S2 (Support 2):** Around \$2,945 — secondary support and accumulation zone.
* **EMAs:**
* EMA 7: \$3,023
* EMA 21: \$2,996
* EMA 50: \$2,970
The price is currently above all three EMAs, signaling **short-term bullish momentum**.
Bullish Scenario:
* The price recently **broke out above a strong resistance zone (\~\$2,996)**.
* If ETH successfully **retests and holds S1 as support**, we could see a continuation move toward:
* **\$3,080 → \$3,120 → \$3,160** as short-term targets.
* The green path suggests a **healthy pullback and continuation pattern**, which aligns with bullish market structure.
Invalidation/Bearish Scenario:
* A **break below S1 (\$2,996)** may shift bias toward S2 (\~\$2,945).
* Loss of S2 support could open the door for deeper correction..”
Chart Breakdown:
* **Current Price:** \~\$3,038
* **Key Levels:**
* **S1 (Support 1):** Around \$2,996 — a key breakout and retest level.
* **S2 (Support 2):** Around \$2,945 — secondary support and accumulation zone.
* **EMAs:**
* EMA 7: \$3,023
* EMA 21: \$2,996
* EMA 50: \$2,970
The price is currently above all three EMAs, signaling **short-term bullish momentum**.
Bullish Scenario:
* The price recently **broke out above a strong resistance zone (\~\$2,996)**.
* If ETH successfully **retests and holds S1 as support**, we could see a continuation move toward:
* **\$3,080 → \$3,120 → \$3,160** as short-term targets.
* The green path suggests a **healthy pullback and continuation pattern**, which aligns with bullish market structure.
Invalidation/Bearish Scenario:
* A **break below S1 (\$2,996)** may shift bias toward S2 (\~\$2,945).
* Loss of S2 support could open the door for deeper correction..”
Trade active
**ETHUSD Update (Hit \$3,083):**Ethereum (ETH) followed through on a bullish setup, breaking above a key resistance zone with strong momentum. The price action confirmed a clean breakout, likely from a consolidation or range area, supported by overall bullish sentiment in the crypto market and possibly favorable macro or on-chain factors.
Key points:
* **Breakout confirmation:** Price moved decisively above resistance, triggering bullish continuation.
* **Momentum-driven rally:** Once past resistance, momentum likely accelerated, helping ETH reach \$3,083.
* **Successful idea:** The setup worked as expected — entry, breakout, and target were all in alignment.
This kind of move suggests buyers remain in control unless ETH loses support or fails to hold above the breakout level.
Trade closed: target reached
✅ **ETH/USD Update:**Ethereum hit **\$3,150**, reaching the target successfully! 🎯
Another clean setup played out perfectly — well done to all who followed. 📈💪
\#ETH #Crypto #Success #TechnicalAnalysis
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.