a concise technical analysis and trade signal for $ETH 🔥💯

/USDT as of May 8, 2025:

$ETH /USDT – Technical Snapshot

Current Price: $1,929.37

24h Change: +5.17%

24h High / Low: $1,943.83 / $1,787.01

Support: $1,880

Resistance: $1,950

Volume:

ETH: 641,483.44

USDT: $1.19B – strong buying interest

Indicators:

RSI: Around 65 – bullish but not yet overbought

MACD: Bullish crossover confirms uptrend

Price Action: Climbing steadily with minor pullbacks

Trade Signal:

Buy ETH/USDT above $1,935 (on breakout confirmation)

Stop-Loss: $1,880

Target Levels (🎯):

Target 1: $1,965

Target 2: $2,020

Target 3: $2,080

Trade Momentum:

Moderate to Strong Bullish – ETH is in a breakout zone with rising volume. A clear move above $1,950 could accelerate momentum toward $2,000+. Caution: possible consolidation if $1,950 holds as resistance.

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