ETH latest Technical analysis and Trade Setup
ETH Support & Resistance:
Support: $2,543.21 (recent low).
Resistance: $2,649.91 (24h high).
Candlestick Pattern: Recent green candle with a small upper wick suggests buying strength, but ek doosri red candle pehle aayi thi, jo thodi si caution dikhaati hai.
Trend: Price upward move kar raha hai ($2,475 se $2,610.95 tak), aur volume bhi increase hua hai, jo bullish momentum dikha raha hai.
Indicators: Price MA(5) ke upar hai, aur recent candles green hain, jo buying pressure ko support karti hain.
Risk: Agar price $2,649 ke resistance ko break karta hai, toh aur upside ho sakta hai.Recommendation: Abhi long position open karna better hai, kyunke trend bullish hai. Entry $2,620 ke paas confirm bullish candle ke saath karein, stop loss $2,543 ke neeche, aur take profit $2,649 ke paas rakhein.
Agar price $2,649 se reject hota hai ya neeche girta hai, toh short position consider kar sakte hain, lekin abhi ke liye long zyada safe hai. Market conditions monitor karein!
