$ETH USDT for the next 24 hours:
Market Overview:
Current Price: $1,898.74
Volume Trend: Decreasing compared to previous peaks.
Recent Trend: Mixed, with sideways movement near the $1,900 level.
Support Levels: $1,871.76, $1,829.72
Resistance Levels: $1,920.48, $1,963.20
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Trading Plan:
Scenario 1: Bullish Break Above $1,920
Entry: Buy if ETH breaks and holds above $1,920.
Target: $1,960 - $1,978 (next resistance levels).
Stop Loss: $1,885 to limit downside risk.
Scenario 2: Bearish Drop Below $1,871
Entry: Sell if ETH breaks below $1,871 with strong volume.
Target: $1,830 - $1,820.
Stop Loss: $1,905 to protect against a reversal.
Scenario 3: Range Trading (Sideways Movement)
Entry: Buy near $1,875 - $1,880 if the price holds support.
Target: Sell near $1,915 - $1,920.
Stop Loss: Below $1,870.
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Key Indicators to Watch:
1. Volume: If volume increases near resistance/support, expect a strong move.
2. MA(7) and MA(25): Currently converging, suggesting a possible breakout.
3. MACD and RSI (Not shown, but important): If the MACD crosses up, it may confirm an upward move.
Final Considerations:
If the price remains below $1,900, caution is needed for purchases.