$ETH /USDT Technical Analysis & Trade Signals
Current Price: $3,731.25 (+3.27%)
Key Support and Resistance Levels:
Resistance Levels:
R1: $3,760.00
R2: $3,800.00
R3: $3,850.00
Support Levels:
S1: $3,500.00
S2: $3,450.00
S3: $3,400.00
Trade Setup:
Bullish Scenario:
Entry: Buy near $3,700 (if price holds above support at $3,700)
Target Levels:
Target 1: $3,760.00 (first resistance level)
Target 2: $3,800.00 (next resistance level)
Target 3: $3,850.00 (potential breakout zone)
Stop Loss: Below $3,500 (if price breaks support level)
Bearish Scenario:
Entry: Sell near $3,750 (if price shows signs of resistance at R1)
Target Levels:
Target 1: $3,450.00 (near support level)
Target 2: $3,400.00 (next support level)
Target 3: $3,350.00 (potential deeper correction)
Stop Loss: Above $3,800 (if price breaks above R2)
Momentum Indicators:
RSI (14): Currently around 60, indicating neutral to slightly bullish momentum.
MACD: Bullish crossover, showing upward momentum.
Volume: Strong buy volume observed over the past 24 hours, suggesting bullish interest.
Trade Momentum & Market Sentiment:
The market is currently in a bullish phase with positive momentum. If ETH holds above the $3,700 support level, further upward movement toward the resistance levels is likely. However, if it fails to break the resistance at $3,760 and $3,800, a retracement toward support is possible.
Trade Advice:
Long position: Buy near $3,700 with a target at $3,760 and higher if momentum continues.
Short position: Sell near $3,750 if resistance holds, targeting support levels around $3,450.