Technical Analysis for ETH/USDT and BTC/USDT – Time Frame: Daily 📊
#CryptoTechnicalAnalysis #BTC #ETH
🔶 ETH/USDT – Price: 3428.51 USDT (+1.64%)
✅ Overall Trend: Strong Bullish
Averages: Price is above MA7, MA25, and MA99, reinforcing the positive trend.
MACD: Strong upward momentum (DIF is well above DEA).
RSI(6): At 94.89 → Clear overbought, a short-term correction may follow.
📌 Resistance and Support:
Resistance: 3551
Support: 3116 (MA7) then 2695 (MA25)
💡 Assessment:
The trend is still bullish, but the overbought condition may lead to profit-taking soon. Monitoring is essential before any new entry.
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🔷 BTC/USDT – Price: 117,882.7 USDT (▼ -1.15%)
🔁 Overall Trend: Slowdown after a bullish wave
Averages: Price is above MA7, MA25, and MA99, but there is a slight decline currently.
MACD: Strong positive momentum continues, but the current convergence may indicate the beginning of weakening momentum.
RSI(6): At 65.2 → Still in the normal range, no clear overbought.
📌 Resistance and Support:
Resistance: 123,300
Support: 113,789 then 111,063 (MA25)
💡 Assessment:
The market is in a temporary resting state after a strong rise, and the current decline may be a healthy correction. It is advisable to wait for rebound signals before buying.
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✅ Summary:
ETH: Strong momentum but overbought. Best to monitor for a potential correction.
BTC: Logical correction after a rise, and it may be a buying opportunity if support holds.