ETH/USDT 30-Minute Chart Analysis

Current Price: $2,682.10 (-2.57%)

Market Sentiment: Potential recovery after a sharp drop

Key Levels to Watch:

Resistance: $2,704 - $2,728

Support: $2,653 - $2,615

Market Insights:

ETH saw a significant drop from $2,845 to $2,614, indicating heavy selling pressure.

Price is now attempting a rebound, with the 7-MA crossing above the 25-MA, hinting at short-term bullish momentum.

The 99-MA remains above as a major resistance level at $2,728.

Trading Strategy:

🔵 Long Setup (If Uptrend Continues)

Entry: $2,670 - $2,680 (If price holds above short-term MAs)

Target 1: $2,704

Target 2: $2,728

Stop Loss: $2,650

🔴 Short Setup (If Price Rejects Resistance)

Entry: Below $2,660 (If price struggles to break higher)

Target 1: $2,630

Target 2: $2,615

Stop Loss: $2,700

Final Thoughts:

ETH is at a decision point. A break above $2,704 could signal further upside, while rejection might push it lower. Watch for confirmations before entering a trade. Stay patient, trade smart. #Ethereum #CryptoSignals #Binance