Ethereum ($ETH) Technical Analysis: July 4, 2024

Current Price: $3,191.89 (-4.55%)

24-Hour High: $3,356.98

24-Hour Low: $3,155.00

24-Hour Trading Volume:397,265.69 $ETH / $1.30 billion USDT

Ethereum's price has recently declined to $3,191.89, a 4.55% decrease. The 24-hour trading range shows a high of $3,356.98 and a low of $3,155.00, with significant trading volume of 397,265.69 $ETH and $1.30 billion USDT.

#lTrading Strategy

Long Position:

- Entry Point:Near the 24-hour low of $3,155.00, which suggests a potential support level.

- Target:Resistance at $3,356.98.

Short Position:

- Entry Point:If the price breaks below the $3,155.00 support level.

- Target:Further downside potential.

Key Considerations

- Monitor trading volume and significant price movements.

- Keep an eye on broader market trends and news that could impact Ethereum's price.

By analyzing the technical indicators and market conditions, traders can make informed decisions to potentially earn significant returns.

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