🚨Cryptocurrency Trading Signal Alert for $ETH /USDT (4-Hour Chart)🚨

Overview

Ethereum (ETH) has shown recent upward momentum, with a significant green candlestick indicating a strong price increase. This was followed by a smaller red candlestick, suggesting potential consolidation or a minor pullback.

Current Price

Current Price: $3,348.88

Entry Price

Entry Price for Trades: Around $3,348.88

Critical Levels

Resistance Levels:

Immediate Resistance: $3,366.94

Secondary Resistance: $3,400.00

Support Levels:

Immediate Support: $3,294.41

Secondary Support: $3,250.00

Take-Profit Targets

First Target: $3,415.00 (2% above entry)

Second Target: $3,515.00 (5% above entry)

Third Target: $3,580.00 (7% above entry)

Stop Loss Level

Stop Loss: $3,290.00 (below immediate support)

Cautionary Note

Traders should monitor for signs of stability or potential breakout signals before committing to their positions. Watch for any significant changes in volume or price action that could indicate a shift in market sentiment.

Technical Analysis Report Post for Binance

Technical Analysis Summary

Bullish Indicators: Strong green candlestick formation suggests bullish sentiment.

Bearish Indicators: Subsequent red candlestick indicates possible bearish reversal; traders should watch closely for further confirmation.

RSI (Relative Strength Index): Currently at 78.27, indicating overbought conditions which may lead to consolidation or pullback.

Trading Signals

Short Trade Signal: If bearish reversal is confirmed and RSI continues to indicate overbought conditions, consider shorting with a tight stop loss above the resistance level.

Long Trade Signal: If price stabilizes above support and shows signs of continuation in the uptrend, long positions could be favorable with take-profit targets set accordingly.

Trending Hashtags

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Feel free to adjust the entry price and targets based on real-time market conditions. Happy trading! 🚀📈