🔥🔥🔥👍Ethereum ($ETH /USDT) - Technical Analysis & Trade Signal

🔥🔥💥

Current Price: $3,386.39

Momentum: Bullish

Technical Analysis:

Resistance Levels:

R1: $3,400 (immediate resistance)

R2: $3,450 (strong resistance)

R3: $3,500 (major psychological barrier)

Support Levels:

S1: $3,350 (minor support)

S2: $3,300 (key support zone)

S3: $3,250 (breakdown point)

Indicators:

RSI: 65 (approaching overbought but still bullish)

Moving Averages: Price is trading above 50 EMA and 200 EMA, indicating strong upward momentum.

MACD: Positive crossover, suggesting further upside potential.

Trade Signal:

📈 Long Position:

Entry Zone: $3,380–$3,390

Target Levels:

🎯 Target 1 (T1): $3,420

🎯 Target 2 (T2): $3,450

🎯 Target 3 (T3): $3,500

Stop Loss: $3,340 (to manage risk

Trade Momentum:

Ethereum shows strong bullish momentum, driven by high trading volume and positive sentiment in the crypto market. A breakout above $3,400 could accelerate the price toward higher targets.

Risk Management:

Position size should be calculated based on your portfolio risk tolerance.

Monitor the $3,300 support zone; a breakdown could invalidate the bullish trend.

📌 Pro Tip: Keep an eye on Bitcoin's movement, as it can significantly influence ETH's price action.

#BinanceLaunchpoolBIO #BinanceAlphaAlert #MicroStrategyInNasdaq100 #ChristmasMarketAnalysis