Ethereum (ETH) Technical Analysis: Key Levels & Next Move
Current Price of $ETH /USDT: $3,831.49 Ethereum has shown a solid bullish trend recently, but we’re seeing some signs of potential pullback. Here’s a breakdown of ETH's current market situation with key price levels to watch and a stop-loss strategy. Resistance Levels (Upside Targets): $3,865.64 (24h High) – A key level to break for continued bullish momentum. $3,900.00 (Psychological Resistance) – This is a round number, which often serves as a major resistance. $4,000.00 (Next Major Resistance) – A psychological barrier and next logical target if bullish sentiment holds. Support Levels (Downside Targets): $3,604.39 (SAR Indicator Support) – A critical support level based on the SAR indicator. $3,638.56 (24h Low) – A short-term low that could act as support if $ETH faces downward pressure. $3,500.00 (Strong Support Zone) – A solid support level, should the price dip further. Stop-Loss Strategy: For short-term traders: Set your stop-loss below $3,600, which aligns with the SAR support level. For aggressive traders: A stop-loss below $3,638.56 (the recent 24-hour low) can help protect against deeper retracements. Key Indicator Analysis: RSI (6): 79.13 – The RSI is in the overbought zone, suggesting we may see a pullback soon. MACD (24.36): The MACD is still bullish, but we are starting to see some divergence. A sign that upward momentum may slow. Stochastic RSI (98.82): Extremely overbought, so caution is necessary for any sudden reversal. OBV (-782,677.21): A noticeable selling pressure, which could weigh on the price in the short term. Summary & Trade Strategy: $ETH is riding a bullish wave, but we’re approaching overbought levels, signaling a potential pullback. A short-term dip to the $3,604–$3,638 range is likely before any further upside. If the price can break through the $3,865 resistance, the next targets are $3,900 and $4,000. Trade Plan: For Long Positions: Consider entering near $3,604–$3,638 with a stop-loss below $3,600. For Short Positions: If ETH rejects the $3,865 level, target $3,638 with a stop-loss above $3,900. Tip: Keep an eye on volume and the SAR/RSI for confirmation of any reversal or continuation. #ETH4500Next? #CryptoIn401k #BinanceAlphaAlert #USFedNewChair #Notcoin #Notcoin
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