Trading Strategy: ETH/USDT
1. Current Price: $3,647.28
2. Period: Short-term 3-5 days
3. Trading Direction: Short Position
Technical Analysis and Strategy Logic:
Monthly and weekly charts show that ETH is in a high-level consolidation area after an uptrend, with RSI around 65, indicating some signs of overbought conditions, but it has not fully entered the strong zone.
Daily RSI (6) is 40.38, indicating that market sentiment is weak in the short term. Trading volume has significantly shrunk, and the MACD histogram is gradually weakening, with the DIF and DEA lines approaching a death cross.
Short-term moving averages MA (5) and MA (10) show signs of pullback, and the price may further test the support below.
Trading Strategy:
Entry Price: $3,645
Take Profit Price: $3,500
Stop Loss Price: $3,720
Position Size: 15%
Leverage Recommendation: 2-3 times
Click below to trade the pair. $ETH