Theoretical Recommendations for Buying and Selling ETH
๐ฐ Buying:
Support Level: $3,075 โ this is the lower boundary of the Bollinger Bands and the zone of previous consolidation. You can consider entering if there's a bounce from this level.
Deep Retracement: $2,750 โ a strong support level in a bearish scenario. If the price drops here, it could be a good point for a long-term buy.
๐ Selling:
Nearest Resistance: $3,900 โ the upper boundary of the Bollinger Bands. If the price reaches this level, consider taking some profits.
High: $4,100 โ the previous local high. Selling here may be justified when this level is reached and signs of a slowdown appear.
Strong Growth: $4,300+ โ if the price breaks the previous high, you may want to sell part of your assets to lock in profits.
๐ Important:
Use stop-losses to limit losses in case of unexpected price movements.
Take into account current volumes and news background โ they can affect the accuracy of the levels.
These levels are theoretical and depend on your strategy: short-term, medium-term, or long-term.
