$ETH /USDT – Market Update
Trend: Bullish (Aug 13) – Holding above $4,680 support, eyeing resistance at $4,920.
Fibonacci Levels: Price is retracing within the 0.236–0.382 zone, holding above $4,680 support; key breakout zone at $4,920–$5,000.
RSI: 68 – Nearing overbought territory, showing strong bullish momentum but watch for short-term pullbacks.
Entry Zones:
Safer: $4,700 – $4,740 (buy on dips near support)
Aggressive: $4,780 – $4,820 (anticipating breakout)
Take-Profit Zones:
TP1: $4,920
TP2: $5,050
Stop-Loss Ideas:
Conservative: Below $4,650
Tight: Below $4,720