🚨$ETH /USDT Analysis🚨

📊$ETH is currently consolidating within a bullish channel on the 5-minute timeframe. The price has recently bounced off the lower trendline, indicating potential bullish momentum.

📈Long Entry: 3570.80 (Current Price)

🛑Stop Loss: 3550.00

📉Short Entry: 3580.00 (Above the upper trendline)

🛑Stop Loss: 3600.00

The RSI is in the oversold zone, suggesting a potential reversal to the upside. However, the MACD is still bearish, indicating a potential short-term bearish trend.

⚠️Overall, ETH is in a bullish uptrend on the daily timeframe. However, the short-term outlook is uncertain due to the conflicting signals from the RSI and MACD. Traders should exercise caution and use stop-loss orders to manage risk.

🔥Follow me for daily updates🔥

#ETHETFsApproved #etherreum #ETH🔥🔥🔥🔥 #CryptoNewss #TradingMadeEasy