$ETH

Analysis of ETH/USDT and Making the Right Decision

1. Market Overview

Current Price: $2,227.64 (down -3.76%).

24-Hour High: $2,333.70.

24-Hour Low: $2,076.26.

Trading Volume: 1.35M ETH / 2.93B USDT.

2. Trend Analysis

Moving Averages:

MA(7) = $2,220.36 (short-term).

MA(25) = $2,168.97 (medium-term).

MA(99) = $2,201.96 (long-term).

Uptrend: The price rebounded from $2,076.26 and is stabilizing above MA(99), which reinforces the likelihood of continued upward movement.

3. Support and Resistance Levels

Strong Support: $2,178.75 (if broken, it may head towards $2,120.98).

Current Resistance: $2,236.53 (if broken, it may reach $2,294.31).

4. Momentum and Trading Volume

Increased trading volume during the rise indicates buying interest.

The crossover of MA(7) with MA(25) upwards indicates the potential for continued upward movement.

🔹 The Right Decision:

✅ Buy if the price firmly breaks $2,236.53, as this will confirm the continuation of the uptrend towards $2,294.31.

⏳ Wait in case of fluctuation between $2,178.75 and $2,236.53 to assess the upcoming direction.

⚠️ Sell or avoid entry if the price breaks $2,178.75, as this may lead to a correction towards $2,120.98 or lower.

➡️ Summary: The market is currently positive, but we need to confirm the breakout of resistance to ensure continued upward movement.