Ethereum Under the Microscope: Are We Witnessing a Price Explosion or a Sharp Decline?
Brief Analysis:
Spot Trading:
The price of ETH/USDT is currently trading around $1,828 with a slight decrease of -0.47%. There is relative stability after a good rebound from the strong support area at $1,385. The short-term moving averages (MA 7 and MA 25) show a positive bullish crossover, indicating the possibility of a continued upward trend in the short term unless the support level at $1,800 is broken.
Futures Trading:
The slight daily change, with high trading liquidity, indicates that the market is in a wait-and-see phase. Traders are expecting a strong movement ahead, especially as the price approaches resistance areas at $1,950 and $2,000. The opportunity is available for short buying positions supported by tight risk management.
Summary:
The market is calm before the movement, and the smart trader is waiting for a confirmation signal: either a breakout above $1,950 for an upward move or a break below $1,800 for further decline.