ETH/USDT Technical Analysis📊: Buying, Selling, and Stop Loss Targets 🎯
Current Price: 3,615.36 USDT
Support Level: 3,569.58 USDT
Resistance Level: 3,760.00 USDT
Trading Data:
24h High: 3,760.00 USDT
24h Low: 3,569.58 USDT
24h Volume (ETH): 699,813.74
24h Volume (USDT): 2.56B
Technical Analysis:
Price Trend: ETH is experiencing a minor retracement of -2.66% over the last 24 hours, consolidating within a tight range.
MACD: Signs of weakening bullish momentum; watch for a crossover indicating further downside potential.
RSI (Relative Strength Index): RSI is neutral, suggesting no immediate overbought or oversold conditions.
Candlestick Patterns: ETH is trading near support, indicating potential for a rebound or breakdown.
Step-by-Step Trading Strategy:
Buy Signal:
Entry zone: 3,570.00–3,615.00 USDT (near support levels).
Breakout entry: Above 3,760.00 USDT to confirm bullish continuation.
Sell Signal:
Take profit near 3,760.00 USDT (resistance level).
Extended targets: 3,800.00–3,850.00 USDT if bullish momentum picks up.
Stop Loss:
Below 3,569.00 USDT to manage downside risks.
Target Price:
Short Term: 3,760.00 USDT (resistance).
Medium Term: 3,850.00–3,900.00 USDT if bullish breakout sustains.
Important Notes:
ETH's price action reflects consolidation, with potential for a breakout in either direction.
Monitor volume and market sentiment for confirmation of the next move.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.
