ETHUSD is showing signs of a strong intraday breakout after a prolonged downtrend, reclaiming the 1795.53 level with a solid bullish candle. This breakout follows a period of consolidation and suggests a possible bullish reversal attempt in the short term.

After finding a firm base near the 1473.20 support zone, ETHUSD consolidated for several days with relatively low volatility. Today, a large bullish candle closed above the Tenkan-Sen and Kijun-Sen lines, also piercing through the Kijun baseline and touching the Senkou Span A from below. Price is now attempting to approach the edge of the Ichimoku Cloud, indicating a potential trend reversal if momentum continues.

The Bulls Power (13) indicator has surged to 184.17, a clear sign of increasing buyer strength. Volume has also significantly picked up, adding conviction to the current bullish breakout. The recent price action, especially the strong close above the 1795.53 level, signals that short-term momentum has shifted in favor of the bulls.

Market Observation & Strategy Advice
1. Resistance Levels: 1914.41 – Major resistance and the lower edge of the daily Ichimoku Cloud.
2. Current Position: 1795.53 – A successful close above this level reinforces the bullish momentum.
3. Support Level: 1473.20 – Key daily support and recent bottom.
4. Momentum Indicators: Bulls Power: Rising sharply to 184.17, showing strong bullish pressure. Ichimoku Cloud: Price is approaching the lower boundary, with potential breakout if upward momentum sustains.
5. Strategy Advice:

• Consider entries on minor pullbacks toward the 1750–1780 area.
• Short-term target sits near 1900–1915, aligning with resistance and cloud edge.
• Stop loss suggested below 1680 to protect against a false breakout.
• If price breaks above the Ichimoku Cloud, expect continuation toward 2000+.

Market Performance:
Crypto    Last Price % Change
BTCUSD   93,556       −0.19%
LTCUSD    83.13           −0.23%

Today’s Key Economic Calendar:
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