#ETHOnTheRise
#ETHOnTheRise $ETH /USDT Technical Analysis and Trade Signals
ETH
3,608.57
-2.5%
Current Price: $3,677.77
Trend: Consolidating within a narrow range, slight bearish momentum observed.
Key Levels:
Resistance Levels:
R1: $3,710 (Short-term resistance)
R2: $3,760 (Major resistance zone)
R3: $3,800 (Breakout zone)
Support Levels:
S1: $3,650 (Immediate support)
S2: $3,600 (Key psychological support)
S3: $3,550 (Critical support zone)
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Indicators:
RSI (Relative Strength Index): 48 (Neutral, slight oversold bias)
MACD: Bearish crossover, signaling downward momentum.
Volume: Declining, indicating a potential breakout soon.
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Trade Setup:
Buy Setup:
Entry Zone: $3,660–$3,675
Targets:
🎯 Target 1: $3,710
🎯 Target 2: $3,760
🎯 Target 3: $3,800
Stop-Loss: $3,640 (Below support level to minimize risk).
Momentum: Bullish breakout expected above $3,710, confirming upward momentum.
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Sell Setup (In case of breakdown):
Entry Zone: Below $3,650
Targets:
🎯 Target 1: $3,620
🎯 Target 2: $3,600
🎯 Target 3: $3,550
Stop-Loss: $3,680 (Above resistance).
Momentum: Bearish continuation below $3,650
Trade Momentum Summary:
Short-Term: Neutral (Wait for breakout above $3,710 or breakdown below $3,650).
Medium-Term: Slightly bearish unless price sustains above $3,710.
Long-Term: Bullish if $3,800 is reclaimed.
Keep an eye on volume spikes and RSI levels for confirmation of momentum.
