#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.
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🧠 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).
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📉 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
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✅ 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.
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📌 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)
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⚠️ 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