$ETH ⚠️ ALERT FOR THE NEXT 24 HOURS
$ETH ETH/USDT trading pair on a 4-hour (4H) timeframe. Below is an analysis of the indicators and a suggested trading plan for the next 24 hours.
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Key Indicators:
1. Moving Averages (MA):
MA7 (Yellow): 3,092.16
MA25 (Red): 3,156.87
MA99 (Purple): 2,853.58
The price is trading slightly below MA25 but above MA7 and MA99, indicating potential consolidation. MA25 could act as immediate resistance.
2. RSI (Relative Strength Index):
RSI(6): 53.49
RSI is above 50, signaling mild bullish momentum, but not yet strong.
3. Stochastic (K, D, J):
K: 57.97, D: 43.26, J: 87.39
Stochastic shows bullish potential, with K crossing above D. This could signal a short-term upward trend.
4. MACD:
Histogram is in negative territory, indicating a weakening bearish trend. However, the lines are beginning to converge, which might lead to a bullish crossover soon.
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Key Levels:
Resistance Levels:
3,165.00 (24-hour high)
3,250.00 (psychological resistance)
Support Levels:
3,014.50 (24-hour low)
2,805.00 (major support, near MA99)
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Trading Strategy for the Next 24 Hours:
Buy Entry:
Enter above 3,165.00, if the price breaks this resistance with strong volume.
Take-Profit Target: 3,250.00 - 3,300.00
Stop Loss: 3,100.00
Sell Entry:
Enter below 3,014.00, if the price breaks this support.
Take-Profit Target: 2,850.00 - 2,805.00
Stop Loss: 3,050.00
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Notes:
Wait for confirmation of trend direction before entering any position (e.g., volume spikes or candlestick patterns).
Monitor RSI and MACD for signs of strength or reversal.
Avoid trading if the price consolidates between 3,014 and 3,165, as this range suggests indecision.
