Based on the provided $ETH

/USDT chart details:

Current Overview:

  • Price: $3,234.83 (+1.52% in 24 hours).

  • 24h High: $3,256.67

  • 24h Low: $3,169.41

  • Market Sentiment:

    • 38.10% Buy vs. 61.90% Sell (slightly bearish).

  • Performance:

    • 7 Days: -5.45%

    • 30 Days: -17.02% (indicating previous bearish momentum).

    • Long-term: Positive growth over 90 days (+23.59%).$ETH

Prediction and Strategy:

Short-Term:

  • Resistance: $3,256 (24h high) and $3,343 (previous high on the chart). Breaking these levels may push ETH towards $3,400+.

  • Support: $3,178 and $2,920. If ETH fails to hold $3,178, it might retest $3,000 or lower.$ETH

Action Plan for Traders:

  1. Short-Term Scalping:

    • Consider entering a long position if ETH breaks $3,256 with strong volume.

    • Set a stop-loss below $3,178 for safety.

  2. Cautious Selling:

    • If ETH fails to break $3,256, you might consider selling around this resistance level for a short-term correction.

  3. Long-Term Accumulation:

    • If ETH dips below $3,000, it could provide a good buying opportunity for long-term gains.

Let me know if you need a deeper analysis!

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