1. **Price**: The ETH/USDT price is around $2,683, showing a slight decline of 0.32%. However, the price is currently above the **60-day moving average (MA60)**, which is around $2,680, indicating the start of potential upward momentum.
2. **MACD (Moving Average Convergence Divergence)**:
- **MACD value**: 1.41
- **DIF (MACD line)**: 0.19
- **DEA (Signal line)**: -1.22
- The MACD histogram shows positive divergence with a rising MACD line above the signal line (DEA), indicating a potential **bullish signal** for short-term upside. Momentum is starting to build, but the overall market is not decisively bullish yet.
3. **Volume**: The volume is increasing significantly compared to earlier periods, which could suggest stronger buyer interest or a potential reversal.
4. **Moving Averages**:
- **MA(5)** at 424.44 and **MA(10)** at 485.68.
- The short-term moving averages (MA5 and MA10) are showing signs of crossing, which could signal either a continuation of the recent uptrend or a consolidation.
5. **Price Performance**:
- Today: -0.71%
- Last 7 days: 9.73%
- Last 30 days: 5.50%
- Last 90 days: -22.75%
- Last 180 days: -16.92%
- Last year: 64.10%
This data indicates that although ETH has faced a decline over the past 3 months, the 7-day performance suggests a short-term recovery. The market seems to be recovering from a low.
### Long Entry and Exit Strategy:
- **Entry**: A potential long entry could be made now or slightly below, around $2,680, given the MACD bullish crossover and increasing volume.
- **Take Profit (TP)**: Around $2,750â2,800, as this could be a resistance level if the upward trend continues.
- **Stop Loss (SL)**: Below $2,630, where the price would likely break down from the current upward trend.
- **Trade Duration**: 1â3 days, as this is a short-term bullish momentum play.
### Short Entry and Exit Strategy:
- **Entry**: If the price fails to hold $2,680 and breaks below the $2,630 level, it might signal a bearish move. Shorting could be done around $2,620â2,630.
- **Take Profit (TP)**: Around $2,550â2,500, where the price may find strong support.
- **Stop Loss (SL)**: Above $2,700, as a break above this level would invalidate the short trade.
- **Trade Duration**: 1â3 days, as the MACD and volume indicate potential near-term volatility.
### If Signals Go Against You:
- For a **long position** that goes against you, if the price drops below $2,630, consider closing the trade to minimize losses.
- For a **short position**, if the price rises above $2,700, itâs advisable to exit and reassess the market.
