Binance Analysis: $ETH /USDT
Current Price: $3,406.73
Timeframe: 30 minutes
Technical Analysis:
$ETH is showing signs of consolidation near $3,406.73. Key levels indicate potential bullish and bearish scenarios for the next movement.
1. Target 1: $3,450 (Short-term resistance)
A breakout above $3,420 with increased buying pressure can push ETH toward this target.
Watch for resistance near this psychological level.
2. Target 2: $3,500 (Medium-term resistance)
Sustained upward momentum can drive ETH to this round figure.
Ensure to monitor volume spikes and RSI for overbought conditions.
3. Target 3: $3,550 (Extended bullish target)
A strong bullish breakout and positive sentiment in the broader market can lead ETH to test this level.
Adjust stop-loss and secure profits as it approaches this zone.
Action Plan:
Long Entries: Above $3,420 with stop-loss at $3,390.
Secure Profits: Take partial profits at $3,450 and move stop-loss to break even.
Risk Management: A drop below $3,375 may lead to a retest of $3,350.
