$ETH
/USDT Technical Analysis and Trade Signals
Current Price: $3,382.50
Momentum: Bearish (-7.83%)
Key Indicators:
Moving Averages (MA):
50-MA: Below price, signaling short-term weakness.
200-MA: Indicates long-term resistance near $3,700.
Relative Strength Index (RSI):
Value: 38 (Oversold zone approaching).
Potential for a reversal if RSI hits 30.
Support & Resistance Levels:
Support: $3,350, $3,200
Resistance: $3,450, $3,700
Trade Signals:
Entry Zone: $3,360–$3,400 (if price stabilizes near support).
Stop Loss: $3,280 (below recent lows).
Targets 🎯:
1. Target 1: $3,450 (short-term recovery).
2. Target 2: $3,700 (medium-term resistance).
3. Target 3: $3,850 (if bullish momentum strengthens).
Trade Momentum:
Short-term: Bearish with potential for consolidation near $3,350.
Medium-term: Watch for a breakout above $3,450 for bullish momentum.
Keep an eye on market news and BTC's performance, as they heavily influence ETH.