ETH/USDT – analysis (1H)

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ETH/USDT – analysis (1H)Ethereum / TetherKUCOIN:ETHUSDTcryptodailyuk🧠 Market Structure We have a breakout from consolidation (~2020–2070) β†’ strong upward impulse Current price: testing the 2150–2168 resistance zone making higher lows (bullish structure) πŸ‘‰ Short-term trend: up πŸ“Š Key Levels πŸ”΄ Resistance: 2150–2168 β†’ current struggle (very important zone) 2199 β†’ next target 2249 β†’ main HTF resistance 🟒 Support: 2117 β†’ first pullback level 2079 β†’ strong support (previous base) 2020–2018 β†’ key demand zone βš™οΈ Indicators RSI ~60–65 β†’ slightly overbought, but not yet extreme πŸ‘‰ room for further Movement, but correction possible MACD There was a bullish crossover, now a slight slowdown πŸ‘‰ Momentum is weakening (watch out for a pullback) πŸ“ˆ Scenarios 🟒 Bullish (more likely) If: A breakout of 2168 with volume Then: Target: 2199 β†’ 2249 A quick continuation is possible πŸ”΄ Bearish / correction If: A rejection from 2150–2168 Then: A drop to: 2117 (first test) Possibly 2079 (deeper pullback) 🎯 Setups (practically) LONG Entry: After the breakout of 2168 or on a pullback to 2117 SL: below 2100 TP: 2199 / 2249 SHORT (more likely) risky) only if: strong rejection + confirmation entry: ~2150–2168 TP: 2117