💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing ETH on the 1-hour timeframe timeframe .
🔭 On the 1-hour timeframe for Ethereum, we can see that in the last few candles ETH faced a drop with some selling pressure, reaching the support zone at $4276, and then bouncing back. Now we need to see whether Ethereum manages to break the $4400 resistance or not. If it does, this level could give us a strong long position opportunity.
⛏ Two key RSI zones are being watched: 58 and 37. Once the RSI swings beyond these levels, ETH could start a solid move.
💰 Volume and green candles could continue to increase, and even while I’m writing this, a strong whale green candle with very good volume just closed for Ethereum.
🪙 On the 1-hour timeframe of ETHBTC, if the drawn support zone is lost, ETH might struggle to move upward, since Bitcoin dominance is closing green candles and this adds selling pressure on Ethereum. However, a long alarm zone has been set — and if ETH breaks above this zone, it could pump massively.
🔔 Two alarm zones are considered for Ethereum: $4400 and $4276. Personally, I’m not really thinking about short positions today, and if ETH gives a good setup, I’d rather look for a long entry.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
⏰ We’re analyzing ETH on the 1-hour timeframe timeframe .
🔭 On the 1-hour timeframe for Ethereum, we can see that in the last few candles ETH faced a drop with some selling pressure, reaching the support zone at $4276, and then bouncing back. Now we need to see whether Ethereum manages to break the $4400 resistance or not. If it does, this level could give us a strong long position opportunity.
⛏ Two key RSI zones are being watched: 58 and 37. Once the RSI swings beyond these levels, ETH could start a solid move.
💰 Volume and green candles could continue to increase, and even while I’m writing this, a strong whale green candle with very good volume just closed for Ethereum.
🔔 Two alarm zones are considered for Ethereum: $4400 and $4276. Personally, I’m not really thinking about short positions today, and if ETH gives a good setup, I’d rather look for a long entry.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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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.
join our Telegram channel for more insightful and educational content .
t.me/satoshiframe
t.me/satoshiframe
Related publications
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.