My Analysis and Opinion on ETH/USDT:
Current Market Overview:
• Current Price: $3,930.89 (down ~3.15%today).
• 24H High: $4,067.40
• 24H Low: $3,916.57
• Order Book: Significant buy-side support around $3,900–$3,800 and sell orders clustering at $4,100–$4,200.
Key Technical Observations:
1. Support and Resistance:
• Immediate Support: $3,900–$3,800 zone.
• Strong Resistance: $4,100–$4,200 zone.
• A break below $3,900 could lead to testing $3,700–$3,800. Conversely, a strong push above $4,100 could pave the way for $4,200+.
2. Moving Averages (MA):
• MA(7): $3,603.16 – The short-term trend remains bullish as prices are well above this.
• MA(25): $2,948.24 – Mid-term support is far lower, indicating strength in the current uptrend.
• The price is pulling back but holding above critical levels.
3. MACD (Momentum):
• MACD Positive (165.67): Strong upward momentum still dominates.
• However, a short-term consolidation phase may be occurring after ETH hit the $4,067 level.
My Entry Price Suggestion:
• Primary Entry Zone: $3,880–$3,900
• ETH shows strong support around this range, close to today’s low of $3,916.
• Secondary Entry Zone: $3,750–$3,800
• If ETH breaks below $3,900, this zone acts as the next level of strong buy support.
Target and Expectation:
• Short-Term Target (Sell): $4,100–$4,200
• ETH may retest this resistance if volume increases, and it could push higher if momentum sustains.
• Longer-Term View: A breakout above $4,200 would signal a move toward $4,500.
Risk Management:
• Stop-Loss: Place a stop-loss at $3,700 to protect against downside risk.
I see ETH/USDT in a strong uptrend with a healthy pullback around $3,900. For those looking to enter, the $3,880–$3,900 range offers an ideal entry point with a realistic short-term target of $4,100–$4,200. A break above $4,200 could signal the next leg up. Proper stop-loss at $3,700 is key to managing risk.
