š $ETH Analysis & Trade Signal
š Current Price: $3,116.00
š 24H High: $3,224.94 | 24H Low: $3,057.04
š° Volume (24H): 646,020.24 ETH (~$2.03B USDT)
š Market Overview
Ethereum is showing bullish momentum after rebounding from its $3,057 support level, supported by strong volume and consistent buying pressure. However, resistance at $3,167 and $3,224 could create temporary selling pressure.
š¹ Technical Indicators:
MACD: Bullish crossover, suggesting upward momentum.
RSI: Neutral zone (~55), indicating more room for a potential rally.
Bollinger Bands: ETH is testing the midline, signaling a possible breakout above $3,167.
Trend: ETH remains in an ascending channel on the 4H chart.
š Long Trade Setup
š¼ Entry: $3,120 (after breaking $3,117 resistance with confirmation)
š¹ Take Profit (TP):
TP1: $3,167 (short-term resistance)
TP2: $3,224 (24H high)
š» Stop Loss (SL): $3,050 (below key support zone)
ā³ Risk/Reward Ratio: ~1:2.5
š Short Trade Setup (If Rejected)
š¼ Entry: $3,100 (after rejection from $3,167 resistance)
š¹ Take Profit (TP):
TP1: $3,057 (24H low)
TP2: $3,030 (major support zone)
š» Stop Loss (SL): $3,170 (above resistance zone)
ā³ Risk/Reward Ratio: ~1:3
š® Prediction for ETH/USDT
If ETH breaks $3,167, expect a bullish rally towards $3,224 or higher. However, failure to sustain above this level could trigger a retracement toward the $3,050ā$3,030 support range.
š Pro Tip: Watch for volume spikes and RSI divergence for stronger confirmation before entering trades!
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