"ETH/USDT 1H: Accumulation in Play – Next Leg Toward $2,840?"

ETH/USDT 1H: Accumulation in Play – Next Leg Toward $2,840?!
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Current Market Condition:
Price consolidating at $2,710 with strong support at $2,600.
RSI showing bullish divergence at 53.70, indicating potential upside.
Market structure confirms an accumulation phase with higher lows.

Smart Money Analysis:
Institutional accumulation is visible through the formation of higher lows.
Volume profile supports a bullish continuation.
Market makers are likely targeting liquidity above $2,840.

Trade Setup (Confidence 8/10):
Long position recommended.
Entry: $2,710 - $2,720 zone.
Targets:
T1: $2,780 (previous resistance).
T2: $2,840 (recent high).
Stop Loss: $2,660 (below recent swing low).

Risk Score:
7/10 – Favorable risk-to-reward with a clear invalidation level at $2,660.

Recommendation:
Enter long positions within the $2,710 - $2,720 range.
Monitor price action closely; a sustained move above $2,840 could trigger further upside.
Maintain tight stops below $2,660 to protect against a breakdown.
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