#Ethereum ($ETH ) is experiencing a period of exciting price action, providing opportunities for traders and long-term investors to optimize their strategies. In this article, we analyze the key buy and sell points visible on the ETH/USDT daily chart and offer actionable advice for traders and holders.

See

  1. Current Price and Trend:

    • ETH price is currently hovering around 3701.50 USDT, testing support levels after a recent 1.82% decline. This correction follows an extended uptrend, marked by a series of higher highs and higher lows within an ascending channel.

  2. Moving Averages:

    • 7-day SMA: 3165.75 USDT

    • 25-day SMA: 2787.35 USDT

    • 99-day SMA: 2590.21 USDT

    • ETH remains above its 99-day SMA, confirming that the overall trend is still bullish. However, breaking below the ascending channel could signal a consolidation or a potential pullback.

  3. Support and Resistance Levels:

    • Key Support: 3687 USDT

    • Key Resistance: 4000 USDT and 4200 USDT

  4. Volume and RSI :

    • The recent decline is accompanied by relatively low volume (449,819K), suggesting limited conviction behind this correction.

    • The RSI (14) is at 60.12, reflecting neutral to bullish momentum. If the RSI falls below 50, it could indicate a deeper correction.

I identify myself

  1. Chat Zone 1: 3680-3700 USDT

    • This area corresponds to immediate support and is a good entry opportunity for holders, especially if signs of a bullish reversal appear (e.g. strong buying pressure or a reversal candlestick).

  2. Chat Zone 2: 3 150-3 200 USDT

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  3. Chat Zone 3: 2600-2700 USDT

Zones

For short term traders, here are the ideal areas to take profits:

  1. Selling Zone 1: 4000-4050 USDT

    • This level represents the previous high and is likely to encounter selling pressure if the price moves back up.

  2. Selling Zone 2: 4200-4250 USDT

    • A major resistance where profit taking is very likely, especially if momentum indicators show overbought conditions.

Strategic Recommendations

For Traders:

  • Use tight stop-loss orders to protect against volatility, especially below 3680 USDT.

For the Holders

Key buying areas for holders are already

  1. 3680-3700 USDT: Immediate

  2. 3150-3200 USDT : You

  3. 2600-2700 USDT : Pull profond


Risk Management:

  • Do not allocate more than 20% of your portfolio to ETH, depending on your risk tolerance.

Conclusion

Ethereum’s long-term outlook remains bullish, supported by its strong fundamentals and ongoing network developments. While the current correction may worry some traders, it presents excellent opportunities for those with a clear strategy. Whether you’re a short-term trader or a holder, understanding these key buy and sell zones will help you make informed decisions and maximize your returns.

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