Technical Analysis Report for ETH$ETH $BTC /USDT$ (Time Frame: 1-hour)
Overview of Price Action
ETH/USDT is trading at $3,862.98, showing a 1.18% increase in the last 24 hours. Recent price movement indicates a slight upward momentum. The chart shows a volatile market with sharp spikes, suggesting active participation by buyers and sellers.
24-Hour High: $3,956.00
24-Hour Low: $3,677.00
Moving Averages:
MA(5): $221.98
MA(10): $261.22
MA(60): $3,868.33
Key Levels
Resistance (Yellow Line):
$3,956.00 (24-hour high)
$3,900.00 (psychological level)
Support (Green Line):
$3,677.00 (24-hour low)
$3,700.00 (recent price floor)
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Trade Signals
Short Trade Signal (Bearish Setup)
Entry Point: $3,850.00
Stop Loss: $3,900.00
Take-Profit Targets:
1. $3,800.00
2. $3,750.00
3. $3,700.00
Long Trade Signal (Bullish Setup)
Entry Point: $3,870.00
Stop Loss: $3,820.00
Take-Profit Targets:
1. $3,900.00
2. $3,950.00
3. $4,000.00
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Cautionary Note
Traders should monitor market stability and volume changes closely. A breakout above $3,900 could indicate bullish continuation, while a drop below $3,700 might suggest further bearish pressure.
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