$ETH / $USDT Chart Analysis & TRADING RECOMMENDATION

The current trend on the 4-hour chart is slightly bullish. The price is hovering above the 20 and 40-period moving averages but remains close to them, indicating a cautious uptrend.

Trading Recommendations

Short-Term Trading:

Entry: Consider a long position if the price breaks above $2640 with increasing volume.

Stop-Loss: Set a stop-loss at $2610 to protect against downside risk.

Target: Aim for a short-term target of $2686.50. If the momentum is strong, consider a secondary target at $2747.70.

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