Ethereum (ETH/USDT) Analysis: Bullish Momentum! ๐
Current Price: $1,778.42 ๐
24h Change: +2.20% โ
The chart indicates a strong recovery from a previous dip around March 31, 2025.
The price is currently hovering around $1,778.42, showing signs of upward momentum.
The moving averages (MA) and Bollinger Bands (BOLL) suggest a potential breakout. ๐ฅ
Key Indicators:
K: 56.72
D: 51.61
MACD: -4.18 (Potential bullish crossover)
Outlook: Expecting continued bullish movement towards the $1,800 - $1,900 range. ๐
$ETH Trade Plan ๐
โ Entry Zone: Buy within $1,770 - $1,780 for a low-risk setup.
โ Stop Loss: Set at $1,730 to limit downside risk.
๐ฏ Profit Targets:
Target 1: $1,820 ๐ (Move stop to breakeven)
Target 2: $1,880 ๐ฏ
Target 3: $1,950 ๐
๐ Risk/Reward Ratio: Aim for 3:1 โ๏ธ to maximize gains.
BUY ETHERIUM HERE: $ETH
๐ Strategy: Adjust stop-loss to breakeven after hitting the first target.
Trade Wisely, Stay Safe. .
