Technical **chart analysis** for **ETH/USD** based on (15-min timeframe)
:
Bullish Outlook**
* **Price Action**: Ethereum is consolidating just above previous resistance (\~\$3,440) after a breakout from the range.
* **Current Price**: \~\$3,446
* **EMA Support**:
* EMA 7: \$3,441 (price holding above)
* EMA 21: \$3,413
* EMA 50: \$3,376 (strong dynamic support)
Key Levels**
* **Resistance Broken**: Former resistance zone (\~\$3,415–\$3,440) now acting as support.
* **S1 Support Zone**: \$3,415–\$3,440 (ideal retest zone for long entries)
* **S2 Support Zone**: \$3,335–\$3,350 (next demand zone if S1 fails)
Analysis Summary**
* **Trend**: Bullish momentum is intact above EMA cluster.
* **Setup**: Retest of breakout zone successful → price stabilizing above EMA7.
* **Target Area**: If momentum continues, next target zone could be \$3,500–\$3,560 (as shown by green arrow).
* **Invalidation**: Drop below \$3,413 (EMA21) and especially \$3,376 (EMA50) would weaken the bullish structure.
Bullish Outlook**
* **Price Action**: Ethereum is consolidating just above previous resistance (\~\$3,440) after a breakout from the range.
* **Current Price**: \~\$3,446
* **EMA Support**:
* EMA 7: \$3,441 (price holding above)
* EMA 21: \$3,413
* EMA 50: \$3,376 (strong dynamic support)
Key Levels**
* **Resistance Broken**: Former resistance zone (\~\$3,415–\$3,440) now acting as support.
* **S1 Support Zone**: \$3,415–\$3,440 (ideal retest zone for long entries)
* **S2 Support Zone**: \$3,335–\$3,350 (next demand zone if S1 fails)
Analysis Summary**
* **Trend**: Bullish momentum is intact above EMA cluster.
* **Setup**: Retest of breakout zone successful → price stabilizing above EMA7.
* **Target Area**: If momentum continues, next target zone could be \$3,500–\$3,560 (as shown by green arrow).
* **Invalidation**: Drop below \$3,413 (EMA21) and especially \$3,376 (EMA50) would weaken the bullish structure.
Trade closed: target reached
Price has successfully hit $3,674, validating the bullish idea. The breakout and retest of support played out well, leading to this target being achieved.
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.
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.