📈 $ETH - Technical Analysis (Daily Chart – ETH/USDT)
$ETH is currently priced at $1,777.70, showing a mild recovery from the recent bottom of $1,385.05. Price has moved above the MA(7) = $1,696.98 and MA(25) = $1,663.55, reflecting short-term bullish momentum. However, it's still far below the MA(99) = $2,301.11, which serves as strong resistance. Volume is stable, suggesting moderate interest from buyers.
🎯 Objective
Short-term target: Retest resistance at $1,850
Mid-term target: Approach MA(99) at ~$2,300
Support zone: $1,660–$1,700 range
🧠 Trading Strategy
Entry Zone: $1,700–$1,720 (on pullback or consolidation)
Stop Loss: $1,620 (below support & MA lines)
Take Profit 1: $1,850
Take Profit 2: $2,200+
Strategy favors short-term swing trades with tight risk management, watching for continuation or rejection near resistance.