ETH 1H Analysis – Key Triggers Ahead | Day 5

💀 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 1H timeframe for Ethereum, we can observe that ETH is moving inside a 1-hour range box, which has also formed with a V-pattern structure. A breakout and consolidation above or below this box can provide us with either a long or short trade setup.

⛏ The key RSI level is around 62, where Ethereum has been ranging for almost 2 days below this level with support around the 50 zone. Once the oscillation surpasses these levels, Ethereum can start its next move.

💰 The volume and number of green and red candles are almost equal. However, with larger green candles and rising volume, we can say that Ethereum is holding a good amount of accumulation volume.

📊 On the 1H timeframe of ETHBTC , we can observe that the alert zone for confirming a long position in Ethereum has slightly shifted lower, now sitting around 0.0415. Breaking this zone could allow Ethereum to move toward higher resistance levels and potentially even register a new all-time high.

💡 Looking at Ethereum’s alert zones, the level for a long position is around $4556, while the level for a short position is around $4329. With a breakout and consolidation above or below these areas, Ethereum gives us trade opportunities. Monitoring price behavior in these zones can be of great help in decision-making.

❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .