📊 Summary of technical analysis for ETH/USDT
• Current price: 2,770.62 USDT
• Percentage change: +3.17%
• Highest price in 24 hours: 2,834.86
• Lowest price in 24 hours: 2,681.20
🧭 Technical indicators and analysis
1. Bollinger Bands
• UP: 2875.62
• MB (Average): 2636.31
• DN: 2397.01
The current price is close to the upper limit, indicating its approach to an overbought area.
2. RSI (Relative Strength Index – 6):
• Value: 64.26
Close to the 70 level, which is also a signal that the price may be in an overbought area, increasing the likelihood of a correction or short-term decline.
3. MACD:
• MACD Line: 18.27
• Signal Line (DEA): 51.87
• DIF: 70.14
The overall trend is still upward, but the convergence of the lines (MACD and Signal) and the emergence of weakness in momentum indicate the possibility of a correction approaching.
🔍 Reading candle movement
• The last candle appeared on the 4-hour timeframe is a small red candle after a series of rising green candles, which may be considered a signal of slowing in upward momentum and a possibility of starting a correction.
✅ Suggested entry point
• Safe entry: when retesting the support area between 2636 – 2680 USDT (close to the average in the Bollinger Band MB).
• Higher risk entry (for quick traders): partial buy at 2,760 USDT with a stop loss below 2,720 USDT.
❌ Suggested exit point (Take Profit)
• First target: 2,820 – 2,840 (highest current resistance)
• Second target: 2,900 – 2,950 (if the previous resistance is broken)
🚫 Stop Loss
• Below 2,680 USDT (if the last support is broken)
📈 Will the rise continue or is a decline coming?
• The overall trend is currently upward but there are signs of momentum weakness.
• If it fails to break 2,834.86 in the next 8 hours, there is a high probability of a correction towards 2,680 – 2,630.
• If the resistance is broken and the price stabilizes above 2,850, the upward trend will continue towards 2,950 and above.
🕐 Is it the right time to buy?
• Buying now carries a medium to high risk due to the price approaching resistance.
📌📌📌 Alert Alert........!!!!!
This is not financial or investment advice but merely a sharing of ideas and analysis.
Mr. Crypto🏅🏅🏅
