$ETH

/USDT Technical Analysis

Current Price: $3,478.37 (+2.23%)

Trend: Bullish momentum with a +2.23% increase in the past 24 hours. ETH is moving upwards, testing the 24h high at $3,497.84.

Moving Averages:

MA(5): $3,364.91 (slight bearish bias, potential short-term pullback).

MA(10): $3,525.05 (near resistance, indicating possible consolidation).

Volume: Strong participation with 1.30M ETH traded and $4.32B in USDT, supporting the bullish trend.

Support: $3,101.90

Resistance: $3,497.84

Trade Signals

Bullish Signal: A breakout above $3,497.84 could push the price higher.

Bearish Signal: A drop below $3,101.90 would indicate a potential correction.

Neutral: Range-bound between $3,101.90 and $3,497.84.

Price Targets 🎯

1. Target 1: $3,510 – Breakout above 24h high.

2. Target 2: $3,600 – Key resistance zone.

3. Target 3: $3,750 – Further upside if momentum continues.

Momentum Analysis:

Bullish in the short term, though some consolidation could occur around the resistance level.

Volume supports the bullish trend.

Strategy:

Buy above $3,497.84 with targets at $3,510, $3,600, and $3,750.

Sell/Short below $3,101.90, targeting $3,000.

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