ETH/USDT 1H: Bulls Eyeing $3500 After Breakout

ETH/USDT 1H Chart Analysis
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Confidence Level: 8/10

Current Market Structure:

• Bullish after breaking the premium zone at $3400, currently consolidating.
  
• Hidden bullish RSI divergence forming on the 1H timeframe.
  

Key Levels:

• Premium Zone: $3440-$3460
  
• Equilibrium Zone: $3380-$3400
  
• Discount Zone: $3200-$3220
  

Smart Money Activity:

• Accumulation phase complete.
  
• Distribution likely in the $3460-$3480 range.
  

Trade Setup:

• Entry Zone: $3380-$3400 (scale in).
  
• Targets:
  
• T1: $3460
  
• T2: $3480
  
• Stop Loss: Below $3340 (recent swing low).
  

Risk Analysis:

• Risk Score: 7/10 (moderate risk due to extended move).
  

Market Maker Activity:

• Accumulation at current levels with potential push toward the $3500 zone.
  

Recommendation:

• Long position recommended with tight stops.
  
• Monitor volume and RSI for continued bullish momentum.
  
• Confidence Level: 8/10 for bullish continuation.
  

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