ETHEREUM 61% PUMP ALERT 🔥
Coin name- #ETHUSDT
Signal type- Long
The chart shows a bearish trend for ETH/USDT. Price is below the EMA ribbon and key Fibonacci levels, indicating resistance. MACD reflects bearish momentum with declining histogram bars, and RSI hovers near 47, signaling weak buying pressure. A breakdown below $3,300 could confirm further downside, while reclaiming $3,500 is critical for bullish recovery.
Based on the chart provided, the current trend appears bullish due to price positioning above significant moving averages, Ichimoku cloud support, and EMA ribbons showing upward momentum. However, RSI shows a potential cooling-off phase, suggesting possible consolidation. The trend's continuation depends on breaking resistance zones near $96,000 and maintaining volume.
The chart indicates a neutral to slightly bearish sentiment. Price is below the key resistance and facing rejection at the EMA ribbon. RSI hovers near 50, showing indecision, while MACD suggests weakening bullish momentum. A break above the resistance or confirmation of support at $58 is crucial for trend direction.
The chart reflects a bullish breakout above a multi-year descending resistance trendline. This indicates a potential trend reversal and renewed strength in the market. Sustained trading above this breakout level could confirm bullish momentum, targeting higher levels. A retest of the breakout trendline as support would validate this upward movement.
Entry Price-3,335
T/P- 3,876
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