ETH/USDT Daily Technical Analysis

Current Price: $1,782.06 (-0.92%)

24h Range: $1,777.93 - $1,828.90

Volume: 269k ETH ($486M USDT)

Key Observations:

- Trading below all key MAs (7D/25D/99D) - bearish structure

- Testing critical support at $1,777.93 (24h low)

- Rejected from $1,828.90 resistance (24h high)

- Volume below average - lack of conviction

Critical Levels:

- Support: $1,777 → Break targets $1,750 next

- Resistance: $1,829 → Break could retest $1,850-$1,880

Probability Assessment:

1) Bearish (60% chance)

- Breakdown below $1,777 likely

- Next support at $1,750 then $1,700

2) Bullish (40% chance)

- Needs strong break above $1,829

- Requires volume surge (>300k ETH)

Trading Plan:

- Short-term: Wait for $1,777 or $1,829 break

- Long-term: Better entries near $1,700 if support breaks

- Stop-loss: $1,765 for longs / $1,840 for shorts

Market Sentiment:

Neutral-bearish until either support or resistance breaks

#Ethereum #ETH #CryptoTrading #Binance

Trade with proper risk management.