🚀
$ETH /USDT Technical Analysis – Key Levels to Watch on Binance!
Ethereum (
$ETH ) is currently trading at $3,857.13, showing a decline of 1.62% in the past 24 hours. With bearish momentum creeping in, traders are closely monitoring the next critical levels. Let’s analyze the chart and identify potential targets.
---
📋 Market Overview
24H High: $3,946.37
24H Low: $3,846.30
7-Day Change: -4.74%
Ethereum is hovering near a key support zone, with its next move likely shaping the short-term trend.
---
🔑 Key Levels and Targets
1️⃣ Target 1: $3,940 (Resistance)
A recovery above $3,940 would indicate bullish momentum and could pave the way for further upside movement.
2️⃣ Target 2: $4,000 (Critical Resistance)
Breaking this psychological level would confirm a trend reversal and signal strength in Ethereum's upward momentum.
3️⃣ Target 3: $3,800 (Support)
If bearish pressure persists, Ethereum could test $3,800 as a strong support level. A breakdown below this could lead to further downside.
---
📈 Indicators in Focus
RSI (Relative Strength Index): Currently trending toward oversold territory, suggesting potential for a short-term bounce.
Moving Averages: Ethereum is trading below its short-term moving averages, signaling bearish momentum.
---
🛠️ Trading Strategies
🔹 Bullish Scenario:
Entry: $3,860–$3,880
Targets: $3,940, $4,000
Stop-Loss: Below $3,800
🔹 Bearish Scenario:
Entry: Below $3,840
Targets: $3,800, $3,750
Stop-Loss: Above $3,880
---
🌟 Final Thoughts
Ethereum is at a pivotal level, with key support at $3,800 likely to determine its next move. Traders should stay vigilant, watching for breakouts or breakdowns from current levels to position themselves effectively.
📢 Stay informed and trade smarter with Binance!
#Ethereum #ETHPriceTargets #CryptoAnalysis #BinanceTrading #ETH