📍 Listed On: Binance$ETH
📈 Current Price: $$3,911.66
⏰ Timeframe Analyzed: 15-minute to 4-hour charts (Live Market Snapshot)
💹 Daily Change: +4.58%
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🔍 Market Snapshot
Ethereum recently reached a local high of $3,968 before experiencing a slight pullback. The current price action shows consolidation below key resistance, suggesting a possible short-term correction while maintaining a broader bullish trend.
RSI (6): 44.77 — Indicating cooling momentum.
Trend Direction: Bullish on higher timeframes, short-term correction in progress.
Price Action: Hovering near the 7-period and 25-period moving averages, signaling indecision.
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📊 Support & Resistance Zones (Binance Market)
Support Levels: $3,906 → $3,875 → $3,805
Resistance Levels: $3,926 → $3,950 → $3,968
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💡 Trade Scenarios (For Binance Users)
✅ Long Setup (Bullish Scenario)
Entry Range: $3,875 or $3,805
Stop-Loss: $3,800
Take-Profit Targets: $3,940 → $3,968 → $4,000
Confirmation Needed: RSI bounce and bullish candle pattern
❌ Short Setup (Bearish Breakdown Scenario)
Entry Range: $3,898 – $3,905
Stop-Loss: $3,930
Take-Profit Targets: $3,875 → $3,805
Confirmation Needed: RSI below 40 with volume increase
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🧠 Final Thoughts
Ethereum continues to show strength on longer-term charts, but intraday volatility remains. Traders on Binance should watch for:
Support retests for potential buy entries.
Breakdown opportunities if price loses $3,900.
Key indicators: RSI movements and volume spikes.
Stay updated with real-time data, and always use proper risk management.
📢 Note: This analysis is for educational purposes only. Trade respon
sibly.
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