$ETH /USDT Technical Analysis & Trade Signal

Current Price: $3,620.87

Trend: Bullish (Based on the slight increase in price and overall momentum)

Key Support and Resistance Levels:

Resistance Level 1 (R1): $3,675.25 (24h High)

Resistance Level 2 (R2): $3,720.00 (Psychological resistance zone)

Resistance Level 3 (R3): $3,760.00 (Extended target based on recent price movement)

Support Level 1 (S1): $3,572.42 (24h Low)

Support Level 2 (S2): $3,550.00 (Critical support for short-term trend)

Support Level 3 (S3): $3,500.00 (Strong support zone)

Trade Signal:

Buy Signal: Enter a long position around $3,620.00 to $3,625.00, as the price is near its key support level and showing bullish momentum.

Stop-Loss: Set at $3,570.00 (below S1) to limit potential downside risk.

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Target Levels (Take Profit):

Target 1 (T1): $3,675.25 (Resistance level)

Target 2 (T2): $3,720.00 (Psychological resistance zone)

Target 3 (T3): $3,760.00 (Extended target)

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Trade Momentum:

Momentum Indicator: The slight upward movement (+0.64%) reflects positive momentum, indicating that buyers are in control, but we may encounter some resistance near the $3,675.00 area.

Market Sentiment: Positive but cautious due to potential fluctuations near key resistance zones. Keep an eye on the volume as it will provide confirmation on continuation or reversal.

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