Technical Analysis: $ETH /USDT
Current Price: $3,476.87 (+1.56%)
Timeframe: 30m Chart (Binance)
Key Technical Levels
1. Target Achieved: $3,450 (Short-Term Resistance)
Ethereum has broken through $3,450 and is consolidating near $3,476, indicating bullish momentum.
2. Next Target (Upside): $3,500
A push above $3,500 would confirm further bullish strength, opening the door to new highs.
3. Next Target (Downside): $3,400
In case of rejection at $3,500, support at $3,400 will be critical to watch for buying opportunities.
Trading Strategy
Short-Term Traders:
Partial profits can be booked at $3,476, with stop-loss set near $3,400. A breakout above $3,500 could present an opportunity to re-enter for a quick scalp.
Long-Term Investors:
Accumulate at $3,400 or lower for a long-term target of $3,800, aligning with bullish market sentiment.
Indicators to Monitor:
RSI Levels near $3,500 to avoid overbought conditions.
Volume at breakout points to confirm momentum.