ETHUSDT Short Analysis and Entry Guide
Current Status:
ETH has pulled back slightly after a recent pump and is consolidating around $2,629. The MACD shows slightly weakening bullish momentum, but the Parabolic SAR still indicates an uptrend.
When to Enter?
* For an Uptrend (Buy):
* The safest approach is when the MACD gives a bullish crossover again (DIF line goes above DEA) and the price breaks above the resistance level of $2,700-$2,750.
* Alternatively, if it finds strong support and bounces in the $2,450-$2,500 area.
* For a Downtrend (Sell/Short):
* Consider a short entry only if the price breaks the significant support of $2,400 and the Parabolic SAR dots move above the candlesticks. However, this is relatively risky.
My Recommendation:
The overall trend still appears bullish. Therefore, it would be wise to wait for a confirmed uptrend entry. Minor corrections are possible, but a major downtrend would require stronger confirmation.
For a Popular Post (to get many views):
🔥 ETHEREUM (ETH): Where to next? What's your entry point? 🔥
Will ETH soar again, or will it dip a bit? The charts are showing some fascinating things! 🧐
* Bulls Ready? Strong support and an overall uptrend! 🚀
* Bears Beware? Hints of a small correction, profit-taking might be coming. 📉
My Opinion: ETH is a long-term runner! I'm personally waiting for a confirmed UPWARD entry with a break above $2700. But, if a small dip comes, I'm also eyeing the $2450-$2500 range! 👀
What are your thoughts? UP or DOWN? Let me know in the comments! 👇
