$ETH PRICE ANALYSIS AND LONG TRADE đšđ„
â Understanding the Chart
Price Analysis
Current Trend: The price seems to be consolidating after a slight uptrend. The RSI is hovering around the neutral zone, indicating neither a strong bullish nor bearish bias.
Support and Resistance: The 2545 level appears to be a potential support area based on the recent price action. The 2575-2585 range might act as resistance.
Indicators:
Moving Averages: The short-term MA (50) is slightly above the longer-term MA (200), suggesting a potential bullish bias
Bollinger Bands: The price is currently trading near the lower band, which could indicate a potential reversal to the upside.
RSI - The RSI is around 50, neutral, but a move above 60 could signal a stronger bullish trend.
Trade Type: Long
Mode: Isolated
Leverage: 2X to 3X
Buy Zone: 2562-2555
Target: 2575, 2585, 2595, 2610
Stop Loss: - 2545
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