1. Forecast of price movements (short term, medium term)
Short-Term Forecast: Based on current data and support/resistance levels, ETH is likely to fluctuate in the 3200-3600 range in the coming weeks. Current RSI and EMA indicators show some consolidation.
Medium-term forecast: If current support levels hold, we can expect a move towards the 3800-4000 levels within a few months. However, a break below 3200 could signal further decline.
2. Support and resistance levels
Support: 3300, 3000, 2800
Resistance: 3600, 3800, 4000
3. Possible entry, exit, stop loss points for a long position
Entry: On a rebound from the support level of 3300 or on a breakdown of the 3600 level
Exit: At resistance levels 3800 and 4000
Stop loss: Below support level 3200
4. Possible entry, exit, stop loss points for short positions
Entry: If there is an unsuccessful breakout of the resistance level of 3600 or if there is a downward breakout of the 3300 level
Exit: At support levels 3200 and 3000
Stop loss: Above resistance level 3600
5. Long and short scenario
Long scenario:
Probability: 60%
Reasons: Current support at 3300 holds, RSI and EMA show room for further growth. Trading volume remains stable, indicating growth potential.
Short scenario:
Probability: 40%
Reasons: Possibility of breaking the support at 3300, which could lead to a decline to levels of 3000 and below. Selling volumes may intensify if the 3300 level does not hold.
Influence of fundamental factors
Exchange Reserve: Decreased by 2% over the last 7 days, which may indicate withdrawal of funds from exchanges.
Net deposits on exchanges: Decrease by 1.5%, which confirms the decrease in interest in sales.
Capital inflows: Capital outflows predominate, down 3% over the last 7 days.
Inflow of large holders: Outflow prevails by 2%.
Active Address Growth: Increased by 1.8% over the last 7 days.
Growth of new addresses: Increase by 2.1%.
Trade volume: Down 1.2%.
Conclusion
At the moment, a long scenario is more likely, given technical indicators and fundamental data. However, caution should be maintained as the support level of 3300 is critical to maintaining current positions. 👍 ➡️@INVESTIDEAUA
