Analysis of currency $ETH and trading recommendations on Binance
#Ethereum is currently trading around $1,850 with strong resistance at $1,880-$2,000. We observe the formation of a consolidation move between $1,700-$1,860 with a gradual increase in the currency's value over the past few days.
Ideal entry points:
Buy when the price drops to support levels at $1,800 or $1,750
Place a buy order if the price breaks the $1,880 level with confirmation of the breakout
Target exit points:
First target for selling: $1,950
Second target: $2,000-$2,100
Stop loss: below $1,730
Take advantage of price fluctuations between support and resistance levels in short-term trading, while monitoring trading volume to confirm market direction.