ETH /USDT: Navigating the Dip! Trade Setup & Key Levels

#$ETH

2,075.76

-0.45%

Current Price: $3,248.10

24h High: $3,432.22

24h Low: $3,204.60

Price Change (24h): -5.18%

Trading Volume:

ETH: 896,556.74

USDT: 2.97B

📊 Technical Analysis

Trend: Bearish (Price has dropped significantly).

RSI (Relative Strength Index): 35 (Oversold – potential reversal zone).

Moving Averages:

50 EMA: Resistance near $3,360.

200 EMA: Key barrier around $3,500.

Volume Analysis: High selling activity, with a potential slowdown near support levels.

🔥 Trade Momentum & Signal

Momentum: Weak bearish momentum; signs of oversold recovery possible.

Risk Level: Medium (Support zones critical for bounce potential).

💡 Trade Setup

Buy Zone: $3,200 - $3,250

🎯 Targets:

$3,300 (Short-term bounce).

$3,400 (Testing 24h high resistance).

$3,500 (Key 200 EMA level for a breakout).

Stop-Loss: $3,150 (Below critical support).

🚨 Key Insights

ETH must hold above $3,200 to avoid further downside.

A breakout above $3,400 could trigger bullish momentum.

High trading volume suggests active market participation – monitor closely for trends.

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