🚨$ETH /USDT Analysis🚨
📊Technical View:
* Short-Term: The 5-minute chart shows a recent pullback after a bullish run. The price is currently consolidating around the 100.02 level.📉
* Long-Term: The daily chart displays a strong uptrend, with the price making higher highs and higher lows. The 20-day and 50-day moving averages are trending upwards, indicating bullish momentum.📈
🚀Entry Points:
* Long Entry: Wait for a bullish breakout above the 100.20 level. Set a stop loss below the recent swing low (around 98.40).📈
* Short Entry: Consider a short position if the price breaks below the 98.40 level. Set a stop loss above the recent swing high (around 100.60).📉
🟢Overall Outlook:
The ETH/USDT pair is currently in a bullish trend, with the potential for further upside. However, the recent pullback suggests a short-term consolidation phase. Traders📊 should monitor the price action around the key levels mentioned above to identify potential entry and exit points.
⚠️Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
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