✅ETH/USDT, currently trading at $3,128.91 (+2.17%), here’s a technical analysis highlighting key levels and strategies:
Key Levels:
Resistance Levels:
$3,165.00: Immediate resistance (24h high).
$3,318.48: Major resistance; a breakout here would confirm strong bullish momentum.
Support Levels:
$3,014.50: Immediate support (24h low).
$3,000.02: Critical psychological support.
Indicators:
Moving Averages:
MA(5): $3,127.65 (price is in line with the short-term trend).
MA(10): $3,106.18 (provides a lower support baseline).
MA(20): Higher timeframe stability at $3,000.
Volume:
ETH Vol: 514,131.68 ETH
USDT Vol: $1.58B
Healthy volumes indicate strong interest and liquidity in ETH trading.
Trend:
Short-term bullish trend intact, with higher lows forming on the 4-hour chart.
Trading Plan:
Entry Points:
Aggressive Entry: Near the current price of $3,128.91, assuming momentum will push toward $3,165.00.
Conservative Entry: Around $3,014.50, taking advantage of any pullbacks to the 24h low.
Take Profit Levels:
Target 1: $3,165.00 (24h high).
Target 2: $3,250.00 (mid-level resistance from Fibonacci extensions).
Extended Target: $3,318.48 (major resistance).
Stop-Loss:
Place at $3,000.02, below the critical psychological support, to minimize risk.
Observations:
Bullish Momentum: Gains of 2.17% indicate steady upward pressure.
Breakout Watch: A move above $3,165.00 could trigger additional buying and test $3,250.00 or higher.
Volatility: ETH shows relatively stable movement compared to meme tokens but retains significant upside potential during market rallies. 💥I am not financial advisor 💥
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