ETH/USDT 1H: Momentum Strong – Can Bulls Break $2,820?!

"ETH/USDT 1H: Momentum Strong – Can Bulls Break $2,820?"
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Market Structure & Momentum:

• Price: $2,734, showing strong momentum after breaking key resistance.
  
• RSI at 64.50, confirming bullish momentum but not yet overbought.
  
• Clear bullish structure, with higher lows forming.
  
• Hidden bullish divergence confirmed on RSI, supporting continuation.
  

Key Levels:

• Resistance: $2,780 (major supply zone).
  
• Support: $2,680 (previous resistance turned support).
  
• Fair Value Gap (FVG): $2,600-$2,620 range.
  
• Trading Strategy:
• Entry: Current price ($2,734) or pullback to $2,700 for better risk-reward.
  
• Targets:
  
• T1: $2,820 (+3.1%).
  
• T2: $2,860 (+4.6%).
  
• Stop Loss: Below $2,645 (-3.2%).
  

Risk Score:

• 6/10 – Momentum is strong, but price is nearing major resistance.
  

Smart Money Analysis:

• Accumulation visible at the $2,600 zone, confirming institutional interest.
  
• Market Makers likely targeting liquidity above $2,800.
  
• Strong institutional buying pressure evident from the volume profile.
  

Recommendation:

• Longs remain favorable, but watch for potential resistance at $2,780.
  
• Keep tight stops below $2,645 in case of rejection.
  
• Break and hold above $2,780 confirms strength for a move toward $2,860.
  

Confidence Level:

• 8/10 – Bulls in control, but price must clear $2,780 resistance for extended upside.
  

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