🚨$ETHFI /USDT is currently trading at $1.919, showing strong upward momentum with a +28.97% gain over the last 24 hours.🤑
Technical Analysis for ETHFI/USDT (15-Min Chart)
The pair reached a 24-hour high of $2.034, followed by a minor retracement. This pullback suggests a potential consolidation phase or preparation for another bullish breakout.
Bullish Momentum: Price broke above the recent average volume level ($1.925), indicating active participation from buyers.
RSI Indicator (6): Currently at 47.857, suggesting that the market is approaching neutral territory after a brief overbought period.
---
Key Levels
Resistance Levels:
$2.034 (Recent high - marked in yellow)
$2.051 (Next critical resistance zone - white)
Support Levels:
$1.815 (Immediate support - green)
$1.696 (Critical lower support - red)
---
Trade Signals
Short-Term Trade (Scalp/Day Trading)
Entry Price: Around $1.92
Take-Profit Targets:
1. $2.00
2. $2.03
3. $2.05
Stop-Loss: Below $1.81
Indicators to Watch:
A bullish crossover on the moving averages for confirmation of the trend continuation.
RSI moving above 50 could signal additional buying pressure.
Long-Term Trade (Swing/Positional)
Entry Price: Wait for a confirmed breakout above $2.05 for entry.
Take-Profit Targets:
1. $2.10
2. $2.20
3. $2.50
Stop-Loss: Below $1.69
Indicators to Watch:
Stability in RSI above 60.
Volume expansion alongside upward price action to avoid false breakouts.
---
Cautionary Notes
1. Watch for any sharp rejection around resistance zones like $2.034 or $2.05, which could signal a bearish pullback.
2. Monitor the volume for stability, as declining volume with upward price movement may indicate weakening momentum.
3. If the price closes below $1.81, the short-term bullish trend may reverse.
#CryptoTrading #ETHFI #BinanceSignals #DeFi #TechnicalAnalysis_Tickeron
Let me know if you’d like any adjustments or further insights!
