Waliullah Robin
@robinwali
Ethereum Full Technical Analysis Ethereum (ETH) has entered a phase of strong bullish momentum, breaking out of a prolonged downtrend and reclaiming key resistance levels. Trend Overview Recent Performance: ETH has surged from around $1,800 to above $2,600 in less than two weeks, marking a 45–50% rally and signaling a clear trend reversal. Volume & Sentiment: Trading volume has soared (+154% weekly), and derivatives data shows rising open interest and short liquidations, all of which support the bullish case. - Pattern: ETH broke out of a falling wedge pattern earlier this year-a classic bullish reversal setup
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Waliullah Robin
@robinwali
Bullish Scenario - If ETH breaks and holds above $2,715: - The path opens to $2,900 and potentially $3,000+ as the next upside targets. - Technicals (MACD, moving averages, Ichimoku Cloud) support further gains if momentum persists. - On-chain and market structure data indicate continued accumulation and institutional interest. Correction Risk 👇 - RSI Overbought: - The RSI is above 77, signaling overbought conditions and the possibility of a short-term pullback. - Healthy Pullback Zone: - Any correction is likely to find buyers in the $2,250–$2,407 range, which could serve as an accumulation zone before the next leg up.
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Waliullah Robin
@robinwali
Actionable Strategy 👇 - Momentum Traders: - Consider entries on a confirmed daily close above $2,715, targeting $2,900–$3,000. - Use trailing stops to protect profits as price approaches resistance. - Dip Buyers: - Watch for pullbacks to $2,407 or $2,250 for potential long entries, as these are likely demand zones. - Risk Management: - Given the overbought RSI, manage position size and use stop-losses below key support levels.
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