Scenarios of developments
Long scenario (65% probability)
Conditions:
• Price holds support at the level of $3,331–$3,239.
• RSI remains above 50.
• Increase in volume on breakout $3,422.
Entry points:
1. $3,331–$3,239: Buy in the correction zone (0.705–0.79).
2. $3,422: Entry on confirmed breakout of resistance.
Targets:
1. $3,551: First target (0.5 on Fibonacci).
2. $3,800: Mid-term target at the volume profile level.
3. $4,087: Long-term target (Fibonacci level 0).
Stop-loss: Below $3,200.
________________________________________
Short scenario (35% probability)
Conditions:
• Price breaks support $3,239 downwards.
• RSI drops below 45.
• Sales volumes are increasing.
Entry points:
1. $3,422–$3,331: Entry on retest of resistance level.
2. $3,200: Entry on breakout of support level.
Targets:
1. $3,108: First target (EMA 50 and lower boundary of the cloud).
2. $3,014: Level 1.0 on Fibonacci.
3. $2,351: Long-term target (extension 1.618).
Stop-loss: Above $3,422.
________________________________________
Output and probabilities:
• Long (65%): Higher probability due to strong support in the zone $3,331–$3,239 and RSI holding in the neutral zone.
• Short (35%): Consider only on a breakout below $3,239.
Recommendation: Wait for confirmation above $3,422 to confirm long scenario. #Ethereum #ETH
