ETH/USDT Market Update
ETH is currently trading at $3,350.73, down 1.85% in the past 24 hours.
• RSI(6): 46.10, RSI(12): 46.91, RSI(24): 46.98 – All RSI values are neutral, indicating consolidation.
• MA(5): $3,649.79, MA(10): $4,202.96 – The short-term MA is below the long-term MA, showing a bearish trend.
Target Levels:
1. Target 1: $3,420 – Immediate resistance.
2. Target 2: $3,789 – Stronger resistance.
3. Target 3: $4,107 – Recent high and key psychological level.
Stop Loss: $3,101 – To protect against further downside.
Trading Strategy:
• Bullish: If ETH holds above $3,350, it could move toward the targets. Take profits at resistance levels.
• Bearish: If ETH breaks below $3,313, consider:
1. Selling immediately if the drop is accompanied by high volume.
2. Opening short positions below $3,101, targeting $3,000 or $2,850.
Manage risks carefully and monitor trading volume to confirm the trend!$ETH