$ETH

/USDT Overview

Price: $3,450.24 (-0.94%)

24h High: $3,547.95

24h Low: $3,431.99

24h Volume (ETH): 261,700.14

24h Volume (USDT): $912.85M

---

Key Technical Levels

1. Moving Averages:

MA(7): $3,480.10

MA(25): $3,483.50

MA(99): $3,386.42

2. Immediate Support:

$3,431.99 (24h low)

$3,386.42 (MA99)

3. Immediate Resistance:

$3,480.10 (MA7)

$3,547.95 (24h high)

---

Indicators

1. Volume:

Current trading volume shows slight moderation compared to the 7-day average.

2. Trend Indicators:

MACD: Flat momentum, indicating consolidation.

Bollinger Bands: Price is nearing the lower band, signaling possible oversold conditions.

3. Volatility:

Daily price movement of $3,431.99 to $3,547.95 suggests moderate intraday volatility.

---

Outlook and Strategies

1. Bullish Scenario:

If ETH breaks above $3,480 (MA7), it could retest $3,547.

Sustained volume may push it toward $3,561 or higher.

2. Bearish Scenario:

A drop below $3,431 may lead to support tests near $3,386 (MA99).

3. Trading Suggestions:

Buy Entry: Near $3,400 (stronger support zones).

Sell Target: Around $3,561 for quick profits.

Stop Loss: Below $3,380 to manage downside risk.

---

Conclusion

$ETH /USDT is in a consolidation phase, with moderate bearish pressure. Watch for breakouts or breakdowns near key moving averages for trading opportunities.

#BinanceLabsBacksUsual #MicroStrategyInNasdaq100 #BTCNextMove