Coin - $ETH
Signal - LONG/BUY (short term)
ETH experienced a sharp decline following the U.S. airstrike on Iran's nuclear facility, triggering heightened market fear across crypto assets. However, with geopolitical tensions slightly easing and no immediate signs of further escalation, markets have begun to stabilize. Notably, USDT dominance (USDT.D) has been rejected at a key resistance level and is now declining, signaling a possible shift back into risk-on assets like ETH. This reversal in sentiment, paired with calming macro conditions, sets the stage for a short-term bullish move. Target for ETH in this recovery phase stands at $2,420. Keep an eye on global developments, but momentum looks favorable for now.
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USDT Dominance (USDT.D) saw a significant surge recently as investors flocked to stablecoins amid rising geopolitical tensions following the U.S. strike on Iran’s nuclear facility. This spike reflected a strong risk-off sentiment across the market. However, with the situation showing signs of temporary de-escalation, USDT.D has now been rejected from a key resistance level, indicating a potential reversal. A decline in USDT dominance typically suggests money flowing back into risk assets like ETH and BTC. If this trend continues, we could see a short-term bullish phase across the crypto market.
Trade Setup :
Entry : 2220-2260
target : 2360 - 2420
stop loss : below 2120
leverage : 10x
Note : use 10% of your future fund for the trade to manage risk.
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