$ETH Ready for a Bullish Breakout!
$ETH/USDT is trading at $3,810.39, up 5.48% in the last 24 hours. The price is above the MA(7) at $3,798.67 and the MA(25) at $3,782.17, reflecting strong upward momentum. RSI (6) is at 67.98, signaling a healthy bullish trend with room to grow.
Key Levels to Watch:
Entry Point: Enter near $3,815 on a confirmed breakout above $3,821.00 (recent high).
Target: Initial target at $3,900, extended target at $4,000 if momentum sustains.
Stop Loss: Place your stop loss at $3,750 to limit risk.
Analysis:
Strong bullish candles indicate growing buying pressure.
Momentum is supported by moving averages trending upward.
RSI suggests the trend is sustainable with potential for further gains.
Action Plan:
Buy $ETH on strength above $3,815.
Take partial profits at $3,900 and hold for $4,000 with trailing stops.
Stick to a strict stop loss at $3,750 to protect capital.
This is a prime setup for $ETH traders. Execute with precision and confidence!