💥$ETH /USDT Testing Resistance Amid +3.29% 24H Gains!🔥
🌟Current Price: 1,837.64 USDT
🌟24-Hour High: 1,849.10 USDT
🌟24-Hour Low: 1,778.94 USDT
Volume (24H):
🌟ETH: 367,102.21
🌟USDT: 663.09M
⚡ETH has displayed bullish momentum and is nearing the 1,849.10 USDT resistance zone. A decisive breach could pave the way for further upward movement, while a rejection might lead to consolidation or retracement.
⚡Technical Indicators 🧩
1. Moving Averages (MA & EMA): Trending bullish; supportive of medium-term growth.
2. RSI: Likely leaning towards overbought—caution is advised for extended long positions.
3. MACD: Positive divergence indicates continued bullish momentum.
4. Bollinger Bands: Moderate expansion suggests rising volatility—ideal for breakout scenarios.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Breakout Trade
👉Entry Point: Above 1,850 USDT (confirm breakout with rising volume).
👇Take-Profit Targets:
🎯TP1 (1:1): 1,870 USDT
🎯TP2 (1:2): 1,900 USDT
💢Stop Loss: Below 1,840 USDT
🎖️Bearish Scenario
Type: Pullback Trade
👉Entry Point: Below 1,835 USDT (confirmed rejection near resistance).
👇Take-Profit Targets:
🎯TP1 (1:1): 1,820 USDT
🎯TP2 (1:2): 1,800 USDT
💢Stop Loss: Above 1,845 USDT
⚡Risk Management Strategy ⚠️
Bullish Setup: Adjust Stop Loss to Breakeven after achieving TP1 (1,870 USDT) and book partial profits (~50%).
Bearish Setup: Similarly, move Stop Loss to Entry once TP1 (1,820 USDT) is reached to mitigate risk.
⚡Key Observations ✍️
1. Validate breakout/pullback moves with strong trading volume to avoid false signals.
2. Monitor the 1,849.10 USDT resistance level closely, as its breach or rejection could dictate the next major movement.
3. Adhere to disciplined entries and exits during this volatile phase for optimal outcomes.
Disclaimer: #DYOR*
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