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#ETHBreaks4000 The ETH/USDC here’s a technical breakdown of the chart and a suggested Buy/Sell signal, along with Stop-Loss (SL) and Take-Profit (TP) levels: 📊 Technical Analysis Current Price: $3,956.48 24h Change: +3.19% 24h High / Low: $4,014.10 / $3,781.36 MA60 (60-period Moving Average): $3,963.36 Volume: Moderate and slightly decreasing toward the end. --- 🧠 Trend Analysis Short-Term: Price is slightly below the MA60 → a sign of mild bearish pressure in the very short term. Price is recovering from the recent low of $3,781.36, and now approaching resistance. Volatility is high, as seen from sharp movements on the yellow line (price fluctuations). --- 📉 Support and Resistance Support (S1): $3,900 – recent bounce area Support (S2): $3,781 – today’s low Resistance (R1): $3,965 – MA60 level Resistance (R2): $4,014 – daily high --- ✅ Trade Signal You can consider a Buy Entry if ETH breaks and closes above the MA60 ($3,963) with volume confirmation. > If you're already in a buy trade, you're in mild profit. If you’re entering now, it’s slightly risky since it's just below resistance. --- 📌 Suggested Trade Setup 🔹 If Going LONG (Buy): Entry: Around $3,956 (current price or on breakout above $3,965) Take Profit (TP): TP1: $4,000 (round level resistance) TP2: $4,014 (24h high) TP3: $4,050 (next psychological level if breakout is strong) Stop Loss (SL): SL1: $3,900 (below support) SL2: $3,875 (tighter risk) 🔻 If Going SHORT (Sell): Only consider if ETH rejects $3,965–$4,000 area with strong red candles. Entry: $3,965–$3,980 (on rejection) TP: TP1: $3,900 TP2: $3,850 SL: SL1: $4,020 (above resistance) --- ⚠️ Risk Note: If BTC makes a major move, ETH will likely follow. Watch for breakout volume on 15min/1h timeframe to confirm direction. #USFedBTCReserve #USFedNewChair $ETH $BTC $BNB
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