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$ETH /USDT Trading Signal – Strong Recovery Momentum
Current Price: $3,408.13 (+4.32%)
Ethereum has shown significant strength, rebounding from its 24H Low of $3,130.48 and approaching its 24H High of $3,426.05. With key EMAs turning bullish, ETH is preparing for potential continuation or consolidation.
📉 Short Entry Signal:
If the price fails to hold above $3,390, a short trade may be favorable.
Entry Range: $3,380 - $3,390
Target 1: $3,340
Target 2: $3,300
Stop Loss: $3,420
📈 Long Entry Signal:
If the price breaks and sustains above $3,430, bullish momentum could accelerate.
Entry Range: $3,430 - $3,450
Target 1: $3,480
Target 2: $3,520
Stop Loss: $3,400
🔎 Market Observations:
ETH is trading above all major EMAs (EMA(7): $3,325.11, EMA(25): $3,298.44, EMA(99): $3,316.10), signaling a bullish trend.
Resistance at $3,426 is the key level to watch, as a breakout may lead to testing higher levels.
Immediate support is at $3,390, with a deeper pullback likely to test $3,340.
Monitor Ethereum's price action carefully at key levels and use stop-loss orders to manage potential reversals.
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