$THE /USDT Analysis and Strategy
Current Price: $3,392.81 (+1.20%)
24H High: $3,428.68
24H Low: $3,351.02
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Technical Overview
1. Trend: Ethereum is showing bullish consolidation, maintaining higher lows on the hourly chart.
2. Resistance: Immediate resistance at $3,430, a breakout could drive momentum toward $3,500.
3. Support: Key support zones are at $3,350 and $3,310, where buyers have defended previously.
4. Indicators:
MACD: Bullish crossover suggests continued upward potential.
Volume: Strong buying volume highlights sustained interest near $3,350.
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Trade Setup
Entry Zone: $3,350–$3,360 for a lower-risk entry point.
Targets:
Target 1: $3,450
Target 2: $3,500
Stop Loss: Below $3,300 to protect against downside risks.
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Observations
Ethereum is holding above the 24-hour moving average, signaling strength.
A breakout above $3,430 with volume confirmation could trigger further bullish momentum.
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Risk Management: Ensure disciplined position sizing to manage potential volatility in ETH/USDT.
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