$ETH
/USDT Technical Analysis & Trade Signal馃殌馃幆
Current Price: $3,364.49 (Up 6.59% in 24 hours)
24h High: $3,367.20
24h Low: $3,029.41
Technical Indicators:
Bollinger Bands (20, 2):
Upper: $3,353.77
Middle: $3,179.19
Lower: $3,004.62
Parabolic SAR: $3,225.67 (Supports the uptrend)
MA (7-Day): +10.36% (Shows short-term upward momentum)
EMA: Bullish short-term, indicating upward pressure.
MACD: The momentum is positive, but needs confirmation through crossovers for continuation.
Volume: 866,952.92 ETH traded in 24h, high volume indicating increased market interest.
Trade Signal:
Buy Entry: $3,335.00 - $3,350.00
Reasoning:
The price is approaching the upper Bollinger Band, suggesting a continuation of the bullish trend if the price holds above the $3,335 support level. The SAR is also below the price, indicating strength.
Consider entering if the price holds above this range and shows confirmation with rising volume.
Target Levels:
1. Target 1 (T1): $3,400.00
The next significant resistance is around $3,400. This level aligns with the upper Bollinger Band and near-term highs, making it a reasonable target for short-term profit-taking.
2. Target 2 (T2): $3,450.00
The next resistance level above $3,400 is approximately $3,450. This level could be targeted if bullish momentum continues with solid support from indicators.
3. Target 3 (T3): $3,500.00
A more aggressive target based on the continued uptrend. This level would confirm further upside potential, likely taking ETH into new highs.
Stop Loss (SL): $3,225.00
Reasoning: A drop below the Parabolic SAR ($3,225.67) would signal a potential reversal or correction. Use this level as a stop to protect against downside risk.
Trade Momentum:
Bullish Sentiment: The price is above the middle Bollinger Band ($3,179.19), and the Parabolic SAR is below the price, suggesting upward momentum. Additionally, the 7-day MA shows a solid +10.36% increase, which is a sign of healthy momentum.
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