$ETH trading alerts
1. Current Price: $3,648.66
2. Bollinger Bands (20,2):
- Upper (UP): $3,737.16
- Middle (ME): $3,691.68
- **Lower (DN): $3,646.19**
3. 24h Range:
- High: $3,860.00
- Low: $3,625.09
4. Critical Supports(from bottom values):
- $3,648.57 (near current price)
- $3,623.09
- **$3,613.34 (strong support)
Trading Signals & Strategy
1. Bearish Momentum:
- Price is **below the middle Bollinger Band** ($3,691.68), confirming short-term downtrend.
- -3.02%** 24h decline reinforces bearish pressure.
2. Oversold Bounce Potential:
- Price ($3,648.66) is **testing the lower Bollinger Band** ($3,646.19).
- Historical low ($3,625.09) and support ($3,613.34) are nearby. A rebound may occur if these hold.
3. Volume Insight:
- 24h volume is high (933k ETH), suggesting strong participation in the downtrend.
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Actionable Guidelines
✅ Entry Triggers
- Long (Buy):
- If price holds above $3,613.34 with a bullish reversal candle (e.g., hammer).
- Target: Middle Bollinger Band ($3,691.68) or $3,716.70 resistance.
- Stop-loss: Below $3,613.34.
- **Short (Sell)**:
- If price **breaks $3,613.34** with volume.
- Target: $3,600 psychological support.
- Stop-loss: Above $3,665.02 (swing high).
