Coin name- #ETHUSDT.
Signal type- Long
The Ethereum chart indicates a breakout above the descending trendline, confirming bullish momentum. However, a rejection near the weak high zone suggests short-term consolidation. RSI indicates oversold conditions, pointing to a potential bounce. Support lies near $3,000, while resistance is at $3,500. The long-term trend remains bullish if key supports hold.
The chart reflects Bitcoin's weekly timeframe with a rising wedge formation,
which is typically bearish, alongside a rejection from the weak high zone. The RSI
indicates overbought levels easing, and price approaches key support zones.
Despite recent bearish pressure, long-term bullish momentum may sustain above
the trendline and support levels.
The BTC Dominance chart shows a rejection from a key resistance level at 58.8%, forming a potential bearish divergence. A descending triangle hints at bearish continuation. However, long-term dominance remains near a multi-year high, indicating strength. Momentum indicators suggest consolidation or slight retracement before a decisive trend emerges.
The TOTAL2 chart shows a strong breakout above the descending trendline, signaling bullish momentum. However, a pullback from the weak high zone indicates a retracement phase. RSI near oversold levels suggests potential recovery. Long-term structure remains bullish above $1.1T support, with key resistance near $1.45T. Consolidation is likely.
Entry Price- 3.279
T/P- 4,000
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