Technical Analysis for Currency #Ethereum (ETH/USDT)
Current Price: 2,626.07 USDT (+2.38%)
Time Frame: Daily
Technical Outlook:
Notable rebound from the support area of 2,335 USDT after correcting from the peak of 2,738 USDT.
RSI = 74.6 indicates that the price is close to the overbought area, with upward momentum continuing.
Bollinger Bands: The price is moving near the upper band limit, indicating strength in the upward trend, but also a potential for correction soon.
MACD: Still in a slight negative trend (-0.20), but the indicator is approaching a bullish crossover, which is a warning signal to watch.
Trading Volumes: Steady and balanced, supporting trader confidence.
Trading Strategy:
1. Technical Concentration Areas:
A good area for partial concentration between 2,580 – 2,610 USDT.
If the level of 2,655 is breached with a daily close, the upward momentum may renew.
2. Targets (TP):
TP1: 2,738 (retesting the previous peak)
TP2: 2,880
TP3: 3,000 (if momentum continues and market strength remains)
3. Risk Management:
Stop loss below 2,450 USDT or with a break of MA20 with a daily close.
Overall Vision:
> Ethereum is back on the rise after a healthy correction, and momentum indicators show significant strength. Stage concentration and precisely defining exit points will be a smart strategy at this stage, with monitoring the level of 2,655 as a key confirmation.
#ETH .