Technical Analysis of ETH/USDT Pair (Ethereum against USD):
🔹 Current Price: 3,249.90 USDT
🔹 24-Hour Price Change: +7.71%
🔹 Highest Price in 24 Hours: 3,250.00
🔹 Lowest Price in 24 Hours: 2,967.00
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🧠 Trend Analysis:
The current trend is strongly bullish, as evidenced by the consecutive green candles and the clear breakout of previous resistance levels.
The last candle is a strong bullish one, indicating strong buying momentum.
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📊 EMA Moving Averages:
EMA 50 (yellow line): 3,155.87 → price is above it = bullish signal.
EMA 150 (pink): 3,096.41 → moderate support.
EMA 200 (blue): 3,077.92 → strong support.
All moving averages support the bullish trend, and there is currently no negative crossover among them.
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🔍 Support and Resistance Levels:
Near Support: 3,212 and 3,155 (EMA50)
Current Resistance: 3,250 (currently reached)
If a breakout occurs above 3,250, we may see resistance at 3,300 – 3,350.
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📈 Summary:
The trend is strongly bullish and the momentum is positive, supported by high trading volume and a noticeable increase over the last 24 hours.
Potential Strategy:
Buy on a correction towards 3,200 – 3,155
Partial sell or take profit near 3,300 – 3,350 if resistance is broken.