Looking at the ETH/USDT chart, here is a simple technical analysis to determine the right position to go long:

General Trend:

In the 1H chart, there is a fairly stable uptrend with some minor corrections, especially after reaching a high of around 2727.14.

This trend shows that there is a dominant bullish potential. Moving Averages (MA): MA5 is at 2667.87, MA10 is at 2671.62, and MA30 is at 2681.20.

The current price is below MA30, which indicates a potential pullback or correction. If the price can stay above MA5 and MA10 or successfully rebound from that level, it could be a strong signal for a long entry.

🔸Support Level:

The nearest support is at 2653.00 (24h low) and 2552.99 (lowest level on September 26). If price approaches or bounces off this support level, this could be a good area to enter long.

🔸Volume and Momentum:

Volume is quite stable with a decrease when price is correcting. This signal indicates that there may be a reversal soon if volume increases again.

Long Entry Strategy:

🔸Aggressive Entry:

If you want to take a higher risk, you can enter long when price touches the level around 2667 or MA10 (2671) because there is a chance that price will bounce back from there.

🔸Conservative Entry:

It is safer to wait for price to fall closer to the support level of 2653.00 or slightly below it, with a tight stop loss below the support level.

🔸Exit/Profit Target:

The profit target can be around the previous resistance, which is in the range of 2720–2730, or higher if the trend continues. In conclusion, the ideal level for a long position is in the support area of ​​2653.00 with a profit target in the range of 2720-2730.

Keep an eye on volume and stronger reversal signals to validate trading decisions.

Keep using stop loss to reduce risk if price movement does not match expectations.

#TipsTradingFutures #ETH/USDT #BullMarket2025 #BecomeCreator