$ETH /USDT Trading Signal - Searching for Stability

Current Price: $3,359.40

24H Range: $3,343.22 - $3,684.00

Analysis:

Ethereum has experienced significant downward momentum, testing support near $3,343.22. EMA(7) at $3,382.85 is acting as resistance, while EMA(25) at $3,478.41 and EMA(99) at $3,561.84 indicate bearish dominance. A potential reversal could emerge if buyers defend the $3,340 level.

Potential Setup:

Entry Zone: $3,350.00 - $3,370.00

Targets:

Target 1: $3,400.00

Target 2: $3,450.00

Target 3: $3,500.00

Stop Loss: $3,300.00

Observation:

A confirmed bounce above $3,370 could signal a short-term recovery, aiming for $3,450 near EMA(25). However, failure to hold $3,340 as support could result in further declines.

Actionable Advice:

Monitor closely for stability above $3,350 before entering.

Take profits at each target and trail stop-loss levels to secure gains.

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