🚨🔥ETH/USDT Analysis🔥🚨

📊Current Situation: ETH/USDT is currently trading at $2,469.60, down 0.98% in the last 24 hours. The price has been consolidating in a range between $2,411.00 and $2,497.89.

📈Long Entry:

* Consider a long entry around $2,450 with a stop-loss at $2,410.

* Target the resistance level at $2,490 for potential short-term gains.

📉Short Entry:

* Wait for a break below the support level at $2,410.

* Enter a short position with a stop-loss above the recent high at $2,498.

* Target the next support level at $2,350.

Key Points:

* The 24-hour trading volume is $655.26 million, indicating moderate activity.

* The RSI is currently below 50, suggesting bearish momentum.

* The MACD is below the signal line, further confirming bearish sentiment.

⚠️Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult with a financial advisor before making any investment decisions.

📝Additional Notes:

* You can add more details to the analysis based on your understanding of technical indicators and market conditions.

* Consider using different timeframes (e.g., 1-hour, 4-hour) to identify potential entry and exit points.

* Always manage your risk by using stop-loss orders.

⚡I hope this helps!

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