Atta Ur Rehman Khan Gurmani
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📊$ETH \USDT Price Overview:
Current Price: $2,429.95
24h Change: +7.64%
24h High/Low: $2,449.14 / $2,188.00
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📈 Moving Averages (MA):
MA(7): $2,419.45 → Bullish crossover, price trading above short-term MA
MA(25): $2,378.41 → Acting as a strong support
MA(99): $2,339.19 → Recently crossed, indicating a potential trend reversal upward
Interpretation: The price is above all key MAs (7, 25, 99), suggesting a short-term bullish trend. The 7-period MA has also crossed above the 25- and 99-period MAs, forming a golden cross – typically a bullish sign.
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🔥 Volume Analysis:
Volume is rising during uptrend candles, indicating strong buyer interest.
Recent bars show lower but consistent volume, which may hint at consolidation before a breakout.
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🧭 Support and Resistance Levels:
Immediate Resistance: $2,449.14 (recent high)
Immediate Support: $2,404.75 (horizontal level and close to MA(7))
Stronger Support Below: $2,339.19 (MA(99)), then $2,289.84 (swing low)
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🔄 Candlestick Pattern & Price Action:
Price recently touched a new high ($2,449.14) but pulled back slightly — indicating short-term resistance.
However, the consistent higher lows and higher highs point to a bullish continuation pattern.
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✅ Bullish Indicators:
Golden cross (MA7 > MA25 > MA99)
Price making higher highs and higher lows
Strong bounce from $2,188.00 low with volume confirmation
⚠️ Watch For:
Failure to break $2,449.14 convincingly may lead to minor pullback
If price breaks below $2,404.75 and especially $2,378.41, momentum may weaken
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📌 Conclusion (1-Hour Outlook):
> ETH/USDT shows strong bullish momentum with support from moving averages and increasing volume. A breakout above $2,449 may lead to further upside, targeting $2,500+. However, traders should monitor for pullbacks near support zones.
Current Price: $2,429.95
24h Change: +7.64%
24h High/Low: $2,449.14 / $2,188.00
---
📈 Moving Averages (MA):
MA(7): $2,419.45 → Bullish crossover, price trading above short-term MA
MA(25): $2,378.41 → Acting as a strong support
MA(99): $2,339.19 → Recently crossed, indicating a potential trend reversal upward
Interpretation: The price is above all key MAs (7, 25, 99), suggesting a short-term bullish trend. The 7-period MA has also crossed above the 25- and 99-period MAs, forming a golden cross – typically a bullish sign.
---
🔥 Volume Analysis:
Volume is rising during uptrend candles, indicating strong buyer interest.
Recent bars show lower but consistent volume, which may hint at consolidation before a breakout.
---
🧭 Support and Resistance Levels:
Immediate Resistance: $2,449.14 (recent high)
Immediate Support: $2,404.75 (horizontal level and close to MA(7))
Stronger Support Below: $2,339.19 (MA(99)), then $2,289.84 (swing low)
---
🔄 Candlestick Pattern & Price Action:
Price recently touched a new high ($2,449.14) but pulled back slightly — indicating short-term resistance.
However, the consistent higher lows and higher highs point to a bullish continuation pattern.
---
✅ Bullish Indicators:
Golden cross (MA7 > MA25 > MA99)
Price making higher highs and higher lows
Strong bounce from $2,188.00 low with volume confirmation
⚠️ Watch For:
Failure to break $2,449.14 convincingly may lead to minor pullback
If price breaks below $2,404.75 and especially $2,378.41, momentum may weaken
---
📌 Conclusion (1-Hour Outlook):
> ETH/USDT shows strong bullish momentum with support from moving averages and increasing volume. A breakout above $2,449 may lead to further upside, targeting $2,500+. However, traders should monitor for pullbacks near support zones.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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