$ETH

/USDT Technical Analysis & Trade Signal:💯🔥

Current Price: 3,616.82

Trend: Slightly bearish due to a -0.46% drop in the last 24 hours.

Resistance: 3,675.25 (previous high)

Support: 3,593.70 (previous low)

Technical Indicators:

Moving Averages: Slightly negative momentum with the price under the recent highs.

Relative Strength Index (RSI): Neutral, indicating neither overbought nor oversold conditions.

MACD: Recent crossover suggests moderate bearish pressure, indicating potential continuation of a downtrend unless price reverses above 3,675.

Trade Signal:

Entry: Consider entering a short position near 3,616.82 or if the price retests the resistance at 3,650.

Stop-Loss: Set a stop-loss at 3,675.25 to manage risk.

Target Levels:

1. Target 1: 3,593.70 (Support)

2. Target 2: 3,550 (Psychological support level)

3. Target 3: 3,500 (Further downside potential if momentum strengthens)

Trade Momentum:

Bearish short-term sentiment.

Trade cautiously and consider tighter stop-loss levels in volatile conditions.

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