$ETH /USDT Technical Analysis & Trade Signal

Current Price: $3,443.02 (-1.32%)

24h High: $3,547.95

24h Low: $3,431.99

Trend Overview:

Support Levels: $3,430, $3,400

Resistance Levels: $3,480, $3,550

Price is consolidating near the $3,440 mark, showing signs of a potential breakout.

Momentum: Neutral to slightly bearish on lower timeframes, but indicators suggest a reversal if key resistance is broken.

Trade Signal

Strategy: Long Position

Entry Zone: $3,440–$3,450 (on a retest of support or breakout confirmation)

Stop Loss: $3,400 (below key support zone)

🎯 Targets:

1. Target 1: $3,480 (Short-term resistance zone)

2. Target 2: $3,520 (Near 50 EMA resistance)

3. Target 3: $3,550 (Previous 24h high and psychological barrier)

Indicators:

RSI: Near 45, indicating a neutral zone but with potential for upward momentum.

MACD: Histogram narrowing, potential bullish crossover on the 1H timeframe.

EMA Levels: 20 EMA acting as minor resistance at $3,460; 50 EMA near $3,520.

Trade Momentum:

Bullish: On a breakout above $3,450 with strong volume confirmation.

Bearish: If the price breaks below $3,430 with increasing sell pressure.

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