📈 👀ETH at $1,787.76, Down 0.44% – $1,900.00 Next🤔?🚨
ETH price at $1,787.76, down 0.44% with 3.94% volatility in 24H! Support $1,771.28, resistance $1,795.81. RSI neutral, MACD bearish. 💡 Scalp $1,771.28–$1,841.16, stop loss $1,760.00. More gains or pullback? What’s your take? 📊 #ETH @BoldCompass
📌Insights for Traders
🧭Short-Term (Scalping/Day Trading):Entry Point: Buy on a dip to $1,771.28–$1,760.00 if the price holds above $1,771.28 (confirm with volume and RSI rising above 50).
🧭Target Profit: Sell at resistance $1,795.81–$1,841.16.Stop Loss: $1,760.00 to limit risk.Strategy: Use small timeframes (15M/1H) for scalping, capitalizing on a potential bounce from the current support level.
🧭Medium-Term (Swing Trading):Wait for a confirmed breakout above $1,795.81 (SAR) with high volume for a long position, targeting $1,841.16–$1,900.00.If the price breaks below $1,771.28, watch for a deeper correction to $1,716.88 or $1,700.00.Monitor Ethereum network developments (e.g., upgrades or DeFi adoption) for additional catalysts.
🚨Risk Management:Allocate 10–20% of your portfolio for ETH trading due to its lower volatility compared to altcoins.Be cautious of further corrections, especially if the broader crypto market corrects.
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Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves high risks, and prices can be highly volatile. Always conduct your own research and consider your risk tolerance before making any trading decisions.