Based on the ETHUSDT 1-hour chart, here’s a breakdown of the current situation and what looks like the best move: #USCryptoWeek #TradingStrategyMistakes #BinanceSquareTalks #ETHBreaks3k

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📊 Chart Summary:

• Current Price: $2,932.70

• 24h Range: $2,902.80 – $2,995.80

• Recent Low: $2,902.80

• Trend: Currently sideways to slightly bearish

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📉 Technical Indicators:

🔹 Moving Averages:

• MA(7): $2,929.64 (price slightly above)

• MA(25): $2,948.51 (price below this, showing resistance)

• MA(99): $2,834.37 (price still above long-term trendline)

Suggests price is in a consolidation or pullback phase within a larger uptrend.

🔹 KDJ:

• K: 45.58

• D: 41.90

• J: 52.95

Slight bullish crossover forming, may indicate a minor bounce.

🔹 Volume:

• Low recent volume, meaning weak buyer interest right now.

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✅ Conclusion & Strategy:

🧭 Bias: Neutral to Bearish Short-Term

• Price is still below MA(25) and volume is weak.

• KDJ is recovering but not very strong.

• There was a failed attempt to hold $2,950–$2,960, and now it’s stuck under resistance.

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📌 Best Move Now:

If you’re trading short-term (scalp/intraday):

• Short near $2,945–$2,950 (resistance zone)

• Stop-loss: $2,965

• Target: $2,905 → $2,890

If price breaks and closes above $2,960 with volume:

• Then switch to long, as momentum may return.$ETH