trade signals and target levels:

$ETH /USDT Technical Analysis:

ETH

3,620.56

-2.24%

1. Current Price Range:

The current price is near $3,610.44, with a slight dip from the 24h high of $3,620.20.

The price is under some negative pressure with a -2.46% change in the last 24 hours.

2. Support and Resistance Levels:

Support: The first key support level is around $3,610.00. If the price continues to dip, this area may act as a strong buy zone.

Resistance: The immediate resistance is at $3,620.00, with a secondary resistance level near $3,760.00.

3. Trend Analysis:

The 15m and 1h charts show slight downward momentum, indicating a short-term pullback.

The 4h and 1D charts show consolidation after the recent dip, suggesting that the market is looking for direction.

4. Moving Averages:

The 50-period MA is slightly above the current price, which could act as resistance.

The 200-period MA is still below, showing that the long-term trend is bullish.

5. RSI (Relative Strength Index):

RSI is at 45, suggesting the asset is neither overbought nor oversold, but leaning towards a neutral stance. It indicates potential for a reversal if the price approaches support levels.

Trade Signals:

1. Bullish Signal:

If ETH moves above $3,620 and holds, we can expect a rally toward $3,760.

Entry Point: $3,620 (Breakout above resistance)

Stop-Loss: $3,600 (Just below recent low)

Target Levels:

Target 1: $3,680 (Intermediate resistance)

Target 2: $3,730 (Resistance near the 4-hour chart)

Target 3: $3,760 (Higher resistance)

2. Bearish Signal:

If the price breaks below $3,610, we may see a further decline.

Entry Point: $3,610 (Breakdown below support)

Stop-Loss: $3,640 (Above the recent high)

Target Levels:

Target 1: $3,580 (First support level)

Target 2: $3,550 (Mid-term support)

Target 3: $3,500 (Strong psychological support)

Trade Momentum:

Short-Term Momentum: Bearish in the 15m and 1h timeframes, but neutral to bullish in the 4h and 1D charts.

#ETHOnTheRise