$ETH USDT Technical Analysis – Is This the Ideal Buying Zone? 🚀

Ethereum is currently at a critical support level! Here’s what you need to know before making your next move:

🔥 Market Overview:

🔹 $ETH is in a downward trend, struggling to rise above the 50 moving average (1917.72).

🔹 Strong resistance at 2190.91, while support continues at 1900-1910.

🔹 The volume profile (VPVR) shows a key liquidity area near 2190, making it a tough level to break.

🔹 The relative strength index at 51.94 indicates a neutral market—awaiting a clear direction.

📉 Best Buying Areas:

✅ 1900-1910: If ETH holds this support, it could be a great entry point with a stop loss below 1890.

✅ Break above 1950: A strong push here may indicate a move towards 2000-2050.

🚨 If 1900 collapses, it's better to wait for a reversal signal!

Will ETH bounce back or drop further? Share your thoughts below! 🔥👇 #Ethereum #cryptotrading #ETHUSDT

ETH

1,902.69

-0.67%