🚀$ETH /USDT Trading Analysis🚀

Current Price:

$3,120.51 (+0.13%)

Ethereum is consolidating within a narrow range but maintains bullish potential over the medium term.

Key Levels:

Resistance:

$3,133.46 (MA7 & immediate resistance)

$3,224.94 (24h high & breakout target)

Support:

$3,113.04 (MA25 & short-term support)

$3,050.01 (24h low & critical support)

$2,955.16 (MA99 & strong support zone)

Technical Indicators:

MACD: Slight bullish momentum; needs confirmation with higher volume.

Bollinger Bands: Tightening, indicating a potential breakout.

Volume: Moderate at 34,392 ETH, suggesting indecision.

Trading Plan:

Bullish Scenario:

Entry: Above $3,133

Targets: $3,224, $3,300, $3,463

Stop Loss: $3,050

Bearish Scenario:

Entry: Below $3,050

Targets: $2,955, $2,900

Stop Loss: $3,133

Market Sentiment:

Short-term Trend: Neutral to bullish, as ETH trades above MA25 and MA99.

Breakout above $3,133 could lead to renewed buying interest.

A drop below $3,050 signals caution and potential further downside.

🔔 Tip: Watch for volume spikes near resistance or support zones to confirm the next move. Ensure disciplined risk management.

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