$ETH /USDT Technical Analysis
Current Price: $3,435.84 (-1.32%)
Timeframe: 30m
Targets Identified:
1. Target 1: $3,460.00
Short-term resistance zone. Breaking above this level could signal bullish momentum.
2. Target 2: $3,500.00
Mid-range resistance. A clear breakout and retest could validate further upward movement.
3. Target 3: $3,550.00
Major resistance and potential profit-taking level for swing traders.
Analysis:
Support Zone: $3,420.00-$3,430.00
Current Momentum: The price recently broke below $3,440.00, signaling potential bearish pressure.
Indicators: RSI shows possible oversold conditions, suggesting a reversal might occur soon.
Actions to Consider:
Short-term Traders: Monitor price action near $3,440. Secure partial profits at $3,460 if upward momentum resumes.
Swing Traders: Hold positions targeting $3,500 and $3,550 while adjusting stop losses to minimize risks.