$ETH
/USDT Technical Analysis:
Current Price: $1,768.64
Trend: Neutral to Bullish
Momentum: Positive, with a slight increase of +0.10% over the past 24 hours.
Support Level: $1,722.90
Resistance Level: $1,790.50
Key Indicators:
24h High: $1,790.50
24h Low: $1,722.90
24h Trading Volume: Moderate, indicating some buying interest.
Momentum: Positive with gradual upward movement, indicating a potential continuation in the short term.
Trade Signal:
Buy Signal:
Entry Price: Around $1,765 - $1,770.
Stop Loss: $1,720 (below the 24h low).
Target Levels:
Target 1: $1,790 (near resistance).
Target 2: $1,810 (potential short-term breakout).
Target 3: $1,850 (higher resistance zone, long-term target).
Momentum Analysis:
Given the current bullish sentiment, if the price holds above $1,765 and maintains momentum, there's a likelihood of testing the $1,790 resistance. A breakthrough above $1,790 could lead to further upside towards $1,810 and $1,850. However, a dip below $1,720 may indicate a bearish reversal, suggesting caution.
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