$ETHFI $ETHFI To conduct a professional analysis of $ETHFI /USDT, let’s consider the price movements, key indicators, and potential resistance and support levels.
Current Price Action
Current Price: 1.440 USDT
24h High: 1.607 USDT
24h Low: 1.424 USDT
Resistance Levels
1. Short-Term Resistance: 1.500 USDT – This level has seen price action previously, acting as a potential ceiling.
2. Next Resistance: 1.607 USDT – Recent 24h high; breaking this level may lead to further upward movement.
3. Longer-Term Resistance: 1.800 USDT – A psychological level and previous support that can act as resistance now.
Support Levels
1. Immediate Support: 1.424 USDT – The recent low provides a critical support level.
2. Next Support: 1.285 USDT – A previous support zone where price may find buying interest.
Entry and Exit Points
Entry Level: Consider entering around 1.440 USDT if the price holds above this level, looking for a bounce.
Stop Loss: Set a stop loss at 1.420 USDT to minimize losses if the price breaks below immediate support.
Take Profit Levels:
First target at 1.500 USDT
Second target at 1.607 USDT if momentum continues.
Additional Indicators
SAR: Currently at 1.798, suggesting a bearish trend; watch for potential reversal signals.
MACD: Monitor for bullish crossover signs that could indicate upward momentum.
Summary
Resistance Levels: 1.500, 1.607, 1.800 USDT
Support Levels: 1.424, 1.285 USDT
Entry Point: 1.440 USDT
Stop Loss: 1.420 USDT
Take Profit: 1.500 and 1.607 USDT
#BinanceBlockchainWeek #USJobOpeningsDip #CryptoPreUSElection #10MTradersLeague #Write2Earn!