📈 Ethereum ($ETH) is showing signals! It rose 10% this week on Binance, reaching $4,800. 🚀 Trading strategies:
Breakout Trading: $ETH broke the resistance at $4,700. Look for entries after a pullback to the new support ($4,600) with confirmation of high volume.
Trend Following: Use the exponential moving average (EMA20) to confirm the bullish trend. If the price remains above it, the momentum could take it to $5,000.
Risk Management: Limit your trades to 1-2% of your capital. Place a stop-loss below the key support ($4,500) to protect yourself.
Analysis: The MACD shows a bullish crossover, but the RSI at 70 suggests possible overbought conditions. 🧠
Do you think $ETH will continue to rise or correct? 💬 Share your strategy! #EthereumTrading #crypt