Akhtar Ali rwp
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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
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
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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