$ETH
To create a trading plan for ETHUSDT, consider the following:
- *Current Price*: ETHUSDT is trading at $2,560.50, with a 0.84% increase in the past 24 hours.
- *Technical Analysis*: Indicators suggest a strong buy signal, with oscillators and moving averages indicating a neutral to bullish trend.
- *Resistance Levels*: Key resistance levels are at $2,500 and $3,000, with potential for further growth if broken.
- *Support Levels*: Support levels are at $2,363 and $2,450, which could trigger a rebound if reached.
*Possible Trading Scenarios:*
- *Bullish*: Buy above $2,600 with a target of $3,000-$3,400, driven by bullish patterns like the Cup and Handle.
- *Bearish*: Sell below $2,450 with a target of $2,363-$2,400, due to potential bearish trends and RSI divergence.
- *Neutral*: Buy at $2,400-$2,500 with a target of $2,600-$2,700, leveraging support levels and potential growth.
*Trading Strategies:*
- *Long-term*: Consider buying the dip, given Ethereum's long-term growth prospects and potential for reaching new highs.
- *Short-term*: Focus on swing trading, using technical indicators to determine entry and exit points.
*Key Statistics:*
- *Market Cap*: $311.31 billion
- *24-hour Trading Volume*: Not available, but futures trading volume exceeds $41 billion on platforms like MEXC.
- *Leverage*: Available up to 200x on some platforms, allowing for amplified trading positions.