$ETH
1,845.91
+2.74%
💥 ETH/USDT Testing Resistance After +3.29% in 24H! 🔥
Current Price: 1,837.64 USDT
24H High: 1,849.10 USDT
24H Low: 1,778.94 USDT
Volume (24H):
ETH: 367,102.21
USDT: 663.09M
Market Summary:
ETH is showing strong bullish momentum and is now testing the resistance zone around 1,849.10 USDT. If it breaks above this level with strong volume, prices could continue to rise. But if it fails to break through, we might see a pullback or sideways movement.
Technical Indicators:
Moving Averages (MA & EMA): Pointing upward – a positive sign for mid-term growth.
RSI: Getting close to overbought – traders should be cautious about long positions.
MACD: Bullish divergence – supports further upward trend.
Bollinger Bands: Slightly wider – suggests increased volatility and potential for breakouts.
Trading Plan:
Bullish Setup (Breakout Trade)
Entry: Enter above 1,850 USDT, but only if there’s strong buying volume.
Targets:
TP1: 1,870 USDT
TP2: 1,900 USDT
Stop Loss: Set just below 1,840 USDT
Bearish Setup (Pullback Trade)
Entry: Enter below 1,835 USDT if there’s a clear rejection at resistance.
Targets:
TP1: 1,820 USDT
TP2: 1,800 USDT
Stop Loss: Set just above 1,845 USDT
Risk Management Tips:
For long trades: Once TP1 (1,870 USDT) is hit, move your stop loss to your entry point and take partial profits (~50%).
For short trades: After TP1 (1,820 USDT), do the same – shift your stop loss to break even and secure partial profits.
Key Points to Watch:
Breakouts or rejections must be backed by strong volume to avoid fake signals.
The 1,849.10 USDT level is key – what happens here will likely determine ETH’s next direction.
Stick to your plan with clear entries and exits, especially in these volatile conditions.
Disclaimer: Always do your own research (DYOR).
