🚨$ETHFI /USDT is currently trading at $1.919, showing strong upward momentum with a +28.97% gain over the last 24 hours.🤑

Technical Analysis for ETHFI/USDT (15-Min Chart)

The pair reached a 24-hour high of $2.034, followed by a minor retracement. This pullback suggests a potential consolidation phase or preparation for another bullish breakout.

Bullish Momentum: Price broke above the recent average volume level ($1.925), indicating active participation from buyers.

RSI Indicator (6): Currently at 47.857, suggesting that the market is approaching neutral territory after a brief overbought period.

---

Key Levels

Resistance Levels:

$2.034 (Recent high - marked in yellow)

$2.051 (Next critical resistance zone - white)

Support Levels:

$1.815 (Immediate support - green)

$1.696 (Critical lower support - red)

---

Trade Signals

Short-Term Trade (Scalp/Day Trading)

Entry Price: Around $1.92

Take-Profit Targets:

1. $2.00

2. $2.03

3. $2.05

Stop-Loss: Below $1.81

Indicators to Watch:

A bullish crossover on the moving averages for confirmation of the trend continuation.

RSI moving above 50 could signal additional buying pressure.

Long-Term Trade (Swing/Positional)

Entry Price: Wait for a confirmed breakout above $2.05 for entry.

Take-Profit Targets:

1. $2.10

2. $2.20

3. $2.50

Stop-Loss: Below $1.69

Indicators to Watch:

Stability in RSI above 60.

Volume expansion alongside upward price action to avoid false breakouts.

---

Cautionary Notes

1. Watch for any sharp rejection around resistance zones like $2.034 or $2.05, which could signal a bearish pullback.

2. Monitor the volume for stability, as declining volume with upward price movement may indicate weakening momentum.

3. If the price closes below $1.81, the short-term bullish trend may reverse.

#CryptoTrading #ETHFI #BinanceSignals #DeFi #TechnicalAnalysis_Tickeron

Let me know if you’d like any adjustments or further insights!