My thoughts on ETH : BULLISH
Looking at Ethereum (ETH/USDT) trading at $2,4141.64 right now, I’m seeing a great opportunity to enter a bullish trade. Here’s why I believe Ethereum is primed for solid gains:
Technical Setup:
1. Moving Averages:
• MA(7): $2,418.28.
• MA(25): $2,411.71.
• MA(99): $2,423.61.
• Ethereum is currently sandwiched between key moving averages, and the price is testing these levels for a potential breakout. The fact that it’s holding above the 7-day and 25-day averages shows that the short-term trend is still bullish.