ETH/USDT Technical Analysis

Support & Resistance Levels

Support:

2,037.08 (24h Low and recent support level)

2,034-2,037 (Psychological and price action support zone)

Resistance:

2,047.25 (EMA 7, acting as short-term resistance)

2,060.93 (EMA 25, another resistance level)

2,097.70 (Recent high and key resistance)

2,104.11 (24h High)

Entry & Exit Points

Entry:

If price holds above 2,037 and shows reversal signals (bullish candles, RSI recovery).

A break above 2,047-2,060 with strong volume can signal a long position.

Exit:

Short-term target: 2,060-2,075 (first resistance zone).

Breakout target: 2,097-2,104, if momentum continues.

Additional Insights

RSI (6): 25.97 (Oversold territory, indicating a potential rebound soon).

Bearish Momentum: Price is below key EMAs, so wait for a confirmed reversal before entering.