$ETH

$ETH Based on the chart, ETH/USDT is currently trading at $2000.48, with a 24-hour high of $2008.73 and a 24-hour low of $1974.78.

Possible Trade Direction

Bullish Signs (Long Position):

The price recently bounced off support around $1975-$1980 and moved upward.

Moving averages (MA7, MA25, and MA99) are close together, suggesting potential trend continuation.

Strong volume increase on the last bullish candle.

Bearish Signs (Short Position):

The price hit resistance near $2008-$2011, showing rejection.

It has struggled to break past this resistance convincingly.

The overall trend for the past 30-180 days is still bearish (-26.90% in 30 days, -39.61% in 90 days).

Trade Suggestion

If ETH breaks above $2011 with strong volume, consider a long position aiming for the next resistance level.

If ETH gets rejected again at $2008-$2011 and drops below $1980, consider a short position targeting lower support around $1965-$1970.

Would you like a stop-loss and take-profit setup?