🚀$ETH

ETH/USDT Technical Analysis – Decoding the Moves 🎯

📊 Current Price: $3,495.87

📈 24h High: $3,539.65

📉 24h Low: $3,358.19

📦 24h Volume: 322,317.84 ETH

Ethereum (ETH) is showing positive momentum, with a +1.58% increase in the last 24 hours. Based on the current chart trends and Moving Averages (MA), here’s a breakdown of the potential three targets:

🎯 Target 1: $3,550 (Short-Term Resistance)

Rationale: The 24h high of $3,539.65 acts as immediate resistance. Breaking this level could trigger a quick rally to $3,550, which aligns with short-term technical indicators.

Strategy: A strong breakout with volume above $3,550 can signal bullish confirmation for intraday traders.

🎯 Target 2: $3,600 (Mid-Term Resistance)

Rationale: The next significant resistance lies around $3,600, based on historical price action and psychological levels.

Strategy: A clean breach above this level could suggest sustained buying pressure, making it an attractive target for swing traders.

🎯 Target 3: $3,700 (Key Pivot Zone)

Rationale: If Ethereum maintains momentum, $3,700 becomes a crucial pivot level, near the upper boundary of recent consolidations. This level may also attract profit-booking by long-term holders.

Strategy: Monitor volume and RSI for signs of overbought conditions. A close above $3,700 could hint at a trend reversal or continuation to higher levels.

Indicators to Watch: RSI for overbought/oversold conditions and MACD for trend confirmation.

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#Ethereum #Binance #CryptoTrading