My Analysis and Opinion on ETH/USDT:

Current Market Situation:

• Current Price: $3,450.58 (up ~2.47% today).

• 24H High: $3,497.84

• 24H Low: $3,101.90

• Volume: Strong trading activity with significant movement in the past 24 hours.

Technical Analysis Observations:

1. Support and Resistance Zones:

• Immediate Support: $3,400–$3,300

• ETH is holding well above the $3,300 level, indicating strong buyer interest in this zone.

• Immediate Resistance: $3,500–$3,600

• A clear rejection here could signal a short-term pullback.

2. Moving Averages (MA):

• MA(7): $3,534.55 – ETH is trading below this, suggesting short-term weakness.

• MA(25): $2,929.03 – Indicates solid mid-term support, showing ETH is still in a bullish phase.

• Overall, the trend remains bullish, with ETH consolidating after a significant rally.

3. MACD (Momentum):

• MACD Positive (135.01): Momentum is strong, but the histogram shows a slight decline, indicating potential consolidation.

4. Order Book Analysis:

• Buy-Side Strength: Strong demand seen between $3,300–$3,400.

• Sell-Side Resistance: Heavy sell orders around $3,500–$3,600.

My Entry Price Suggestion:

• Primary Buy Zone: $3,400–$3,420

• This range aligns with immediate support and offers a favorable entry point for a potential upward move.

• Secondary Buy Zone (Lower Risk): $3,300–$3,350

• If ETH dips further, this zone provides a strong accumulation opportunity.

My Expectation and Target:

• Short-Term Target (Sell): $3,600–$3,700

• ETH is likely to test this resistance range in the coming sessions, given the current bullish momentum.

• Medium-Term Target: $3,800–$3,900

• If ETH breaks through $3,600 with strong volume, we could see it climb toward $3,800.

Risk Management:

• Stop-Loss: Place a stop-loss at $3,200 to minimize downside risk.

$ETH #ETH