$ETH /USDT

Analyzing the attached 4-hour candlestick chart for ETH/USDT, we observe the current price at 3,507.40. The chart features three moving averages (MAs): the 7-period MA at 3,499.14, the 25-period MA at 3,524.81, and the 99-period MA at 3,570.13.

The immediate resistance level is around the 25-period MA at 3,524.81, which is slightly above the current price. A break above this level could signal further bullish momentum. The next significant resistance is the 99-period MA at 3,570.13, a crucial level for a potential trend reversal.

Support levels to watch include the recent low at 3,355.00. If the price breaks below this level, it could indicate a bearish continuation.

The volume chart shows mixed trading activity, with a recent decrease in volume suggesting a potential pause in market momentum. The candlestick wicks indicate market volatility, reflecting strong reactions to news and events.

In summary, monitoring these resistance and support levels will provide insights into future price movements. A break above the immediate resistance at 3,524.81 could lead to higher targets, while a dip below the support at 3,355.00 might trigger further declines. Investors should stay vigilant for any significant price action around these key levels.#BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #CertiKvsKraken