🔹 Current price of $ETH /USDT: $3,616.39 (+0.85%)
24h range: $3,584.68 - $3,675.2
24h trading volume: 207.98 million ETH (~755.63 million USDT)
Technical analysis
1. Daily timeframe (1D):
ETH has recently surged strongly, increasing 6.74% over the past week.
Currently, the price is approaching the resistance zone of $3,620 - $3,650, which is an important level to watch.
Important support: $3,580 – If the price holds this level, ETH has the potential to continue rising.
2. Trading volume:
The inflow into ETH remains stable, but a spike in volume is needed to break the current resistance.
3. Candle movement:
The most recent candle has a narrow body, indicating hesitation between buyers and sellers.
However, the overall trend still leans towards growth.
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Market assessment
Market sentiment: 71.42% of orders are selling, indicating that many investors are taking profit after the rally.
Macroeconomic factors:
Ethereum has recently received a lot of positive news related to network expansion.
If the global economic indicators do not turn unfavorable, ETH may continue to maintain its upward momentum.
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Suggested trading strategy
Short term:
Buy around the price range of $3,580 - $3,600 if the price corrects.
Profit-taking target: $3,650 - $3,700.
Stop loss: $3,550 to limit risk.
Long term:
Gradually accumulate ETH if the price continues to fluctuate in the range of $3,500 - $3,600, as this is an attractive price zone with strong growth potential.
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Today's price prediction
ETH could fluctuate in the range of $3,580 - $3,680. If it breaks $3,650 with high volume, the upward momentum could extend to $3,700 or higher.
💬 What do you think about this growth of ETH? Please share your thoughts below.
#Ethereum #Crypto #ETHUSDT #Binance #cryptotrading #write2earn
