Ethereum (ETH) is in a strong uptrend on the 1H timeframe, but it is facing a key resistance zone at $2,050 – $2,100. If the price remains above the EMA50, the bullish momentum could continue. Conversely, if it faces strong rejection, a pullback to the support zone may occur. Let’s dive into the detailed analysis! 🚀

1️⃣ Trend & Market Structure (SMC)

• Main Trend: Bullish, the price has broken out of previous resistance and is holding above EMA200.
• Break of Structure (BoS): A BoS occurred around $1,950, with the price continuing its upward move above $2,000.
• Demand Zone (Support): $1,950 – $1,970.
• Supply Zone (Next Resistance): $2,050 – $2,100.

2️⃣ Volume Profile (VPVR)

• POC (Point of Control): ~$1,904 (Key Support).
• High Volume Node (HVN): $1,900 – $1,950 (High trading volume zone, supporting the price).
• Low Volume Node (LVN): $2,050 – $2,100 (Price could move quickly if it breaks above this zone).

3️⃣ EMA (Exponential Moving Average)

• EMA200: ~$1,956 – The price is holding above EMA200, indicating a strong bullish trend.
• EMA50: ~$1,972 – A dynamic support level, providing a potential bounce point if the price retraces.

🔹 If the price holds above EMA50 ($1,972), the bullish trend will likely continue.

🔹 A retest of EMA200 ($1,956) without a breakdown could offer a buy opportunity.

4️⃣ RSI & Momentum Signals

• RSI ~75: Currently in the overbought zone, suggesting a possible minor correction before further gains.
• Key Signal to Watch: If RSI remains above 50 after a pullback, the bullish trend remains intact.

5️⃣ Price Pattern

• The price is consolidating after the breakout, potentially forming a Bullish Flag if it doesn’t decline sharply.
• Maintaining above $2,000 could lead to a continuation towards $2,050 – $2,100.

🎯 Trading Strategy

📉 Short Scenario (If Rejected at $2,050 – $2,100)

Entry: $2,050 – $2,100 (Strong Resistance).

Stop Loss: $2,120.

Take Profit:

• TP1: $2,000.
• TP2: $1,950 (EMA200).
• TP3: $1,900 (POC).

Condition: RSI remains in the overbought zone (>75) and the price faces strong rejection with declining volume.

📈 Long Scenario (Preferred if Price Retests EMA50 or EMA200)

Entry: $1,970 – $1,980 (EMA50 Retest) or $1,950 – $1,960 (EMA200 Retest).

Stop Loss: $1,930 (Below EMA200).

Take Profit:

• TP1: $2,020.
• TP2: $2,050.
• TP3: $2,100.

Condition: The price experiences a minor pullback but holds above EMA200. RSI drops to 55-60 without a significant breakdown. Buying volume increases after the pullback.

6️⃣ Conclusion & Next Steps

📊 Trend: Strong uptrend, though signs of consolidation are appearing.

📉 Volume: Slight volume decline after the breakout, suggesting a potential pullback before further continuation.

🔄 Reversal Signals: No clear reversal yet, but watch out for selling pressure around $2,050 – $2,100.

📍 Key Levels to Watch:

• Support: $1,904 (POC) and $1,956 (EMA200).
• Resistance: $2,050 – $2,100.

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