Chart analysis and trading advice
.$ETH
Chart analysis
1. General trend
• The chart for the ETH/USDT pair on Binance shows sideways price movement (Consolidation) after the recent drop.
• The current price is $1,928.31 with nearby resistance at $1,950.
• There is strong support in the green area below $1,880.
2. Potential scenarios
• Bullish scenario (blue color): If the price breaks above $1,950 and stabilizes, it may continue to rise towards $2,069 and then $2,518.
• Bearish scenario (red color): If the price fails to break above $1,950 and drops below $1,880, we may see further decline towards $1,750.
Trading advice
✅ If you are considering buying: Wait for a clear breakout above $1,950 with high trading volume, which increases the likelihood of rising to $2,069.
❌ If you are considering selling: If the support at $1,880 is broken, selling or waiting for a lower entry point may be the best option.
🗓️ If you are a long-term investor, the current price represents an excellent entry area.
⚠ Financial management: Do not risk more than 2-5% of your capital on a single trade, and use stop-loss orders to protect your investment.