$ETH

/USDT Technical Analysis & Trade Signals

Current Price: $3,703.71

Trend: Bullish Momentum (+1.70% in 24h)

Support & Resistance Levels:

Support Levels:

S1: $3,650 (key support)

S2: $3,600 (major support zone)

Resistance Levels:

R1: $3,740 (recent high, needs a breakout)

R2: $3,800 (psychological resistance)

Trade Setup:

Buy Entry Zone:

$3,680–$3,700 (ideal pullback entry for long positions)

Targets 🎯:

Target 1 (T1): $3,740 (short-term)

Target 2 (T2): $3,800 (medium-term)

Target 3 (T3): $3,850 (long-term breakout)

Stop Loss:

$3,640 (below key support zone to limit downside risk)

Trade Momentum & Indicators:

RSI: Near 60, indicating mild bullishness but not overbought.

Moving Averages (MA):

50 EMA: Positioned around $3,680, providing dynamic support.

200 EMA: Bullish crossover confirms upward trend.

MACD: Bullish crossover with widening histogram bars, signaling strong upward momentum.

Market Outlook:

Bullish Scenario: A breakout above $3,740 could propel ETH towards $3,800 and higher levels.

Bearish Scenario: A drop below $3,650 could initiate a retest of $3,600, invalidating the bullish setup.

📌 Trade Wisely! Always use proper risk management.

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