The $ETH /USDT pair has shown significant bullish momentum in the past 24 hours, with a price increase of +5.20%. The current price stands at $3,191.80.

Key Support and Resistance Levels:

Resistance: $3,236.64 (24-hour high)

Support: $2,990.58 (24-hour low)

Entry Signal:

A potential entry signal could be a retest of the $3,191.80 support level. If the price bounces off this support and breaks above the $3,200.00 level, it could signal further bullish momentum.

Technical Indicators:

Bollinger Bands: The current price is above the middle band, indicating bullish momentum. The upper band at $3,240.90 acts as a potential resistance level.

RSI: The Relative Strength Index (RSI) is currently at 72, indicating overbought conditions. This suggests that a pullback may be imminent before further upside.

Trading Strategy:

A conservative approach would be to wait for a pullback to the $3,191.80 support level before entering a long position. If the price breaks above the $3,200.00 level, a stop-loss order could be placed below the $3,191.80 support level.

Additional Considerations:

Volume: The 24-hour trading volume of 2.18B USDT is relatively high, indicating strong interest in the ETH token.

News and Market Sentiment: Any positive news or developments related to the Ethereum project could further fuel.#BTCBreaks80KATH #BIOProtocol #FedRateStrategy #EthereumRally #Write2Earn!