ETH/USDT: What Could Be the Next Move?

Technical Outlook

• TradingView classifies ETH/USDT as a Strong Buy across daily, weekly, and monthly timeframes. The technical indicator consensus also skews bullish. 

• Binance Square Analysis (Aug 6): ETH is above short-term EMAs (34 EMA at $3,619; 89 EMA at $3,601; 200 EMA at $3,382), with supportive MACD and RSI (~62) indicating continued upward momentum. 

• Additional Binance Note: ETH bounced from the $3,570 zone and is stabilizing above the 99-MA (~$3,605). A breakout above $3,640 may drive a move toward $3,716 and $3,755.

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