$ETH /USDT Technical Analysis: Bullish Momentum with Clear Targets 🎯
Current Price: $3,650.13
Trend: Bullish (+0.44%)
Key Support Levels:
Support 1: $3,593.70
Support 2: $3,610.63
Support 3: $3,500
Key Resistance Levels:
Resistance 1: $3,698.04 (Immediate resistance)
Resistance 2: $3,750 (Next major resistance)
Resistance 3: $3,800 (Psychological level)
Trade Signal:
1. Entry Point:
Buy Signal: Enter near $3,650, with a stop-loss just below $3,610.
2. Target Levels:
Target 1: $3,700
Target 2: $3,750
Target 3: $3,800
3. Momentum:
Bullish Momentum: Positive trend, watch for a breakout above $3,698. If sustained, price could push towards $3,800.
Risk Management:
Stop-loss: $3,610 (tight stop-loss to protect from sharp reversals).
Profit-Taking Strategy: Secure profits at each target level, with potential for further upside if $3,750 is broken.
Conclusion:
ETH/USDT shows a promising bullish momentum. Breakthrough above resistance could lead to even higher targets. Keep an eye on volume and support for optimal trade execution. Happy trading!