#ETH🔥🔥🔥🔥🔥🔥
🔎 1. Market Context
Current Price: 4,630 USDT (down ~3.9%).
Main Trend:
Price remains above MA20 (4,374) and MA50 (3,802) → medium-term uptrend still holds.
The previous day's candle had an upper wick at 4,957 → strong selling pressure at the resistance zone.
RSI (6) ~57: still balanced, not overbought, not oversold.
MACD: still positive, but histogram is narrowing → upward momentum is weakening.
Volume: high but the candle is down → sellers are currently in control in the short term.
📊 2. Important Price Levels
Near Support: 4,500 – 4,520 (24h low).
Strong Support: 4,350 – 4,380 (MA20).
Near Resistance: 4,950 – 5,000.
Strong Resistance: 5,050 – 5,100.
🎯 3. Trading Strategy
🔹 Scenario: Long with the trend
Entry: 4,500 – 4,550 (waiting for a correction to support).
SL: 4,350.
TP1: 4,900, TP2: 5,000, TP3: 5,100.
R:R ~ 1:2.
👉 Reasonable because the main trend is still up, but patience is needed to wait for the price to reach the support zone.
✅ Conclusion:
ETH/USDT on the daily timeframe is still in an uptrend, but is experiencing a correction after testing resistance at 4,950.
Safe strategy: wait for the price to reach 4,500–4,550 to Long, TP 4,950–5,100.
🔎 1. Market Context
Current Price: 4,630 USDT (down ~3.9%).
Main Trend:
Price remains above MA20 (4,374) and MA50 (3,802) → medium-term uptrend still holds.
The previous day's candle had an upper wick at 4,957 → strong selling pressure at the resistance zone.
RSI (6) ~57: still balanced, not overbought, not oversold.
MACD: still positive, but histogram is narrowing → upward momentum is weakening.
Volume: high but the candle is down → sellers are currently in control in the short term.
📊 2. Important Price Levels
Near Support: 4,500 – 4,520 (24h low).
Strong Support: 4,350 – 4,380 (MA20).
Near Resistance: 4,950 – 5,000.
Strong Resistance: 5,050 – 5,100.
🎯 3. Trading Strategy
🔹 Scenario: Long with the trend
Entry: 4,500 – 4,550 (waiting for a correction to support).
SL: 4,350.
TP1: 4,900, TP2: 5,000, TP3: 5,100.
R:R ~ 1:2.
👉 Reasonable because the main trend is still up, but patience is needed to wait for the price to reach the support zone.
✅ Conclusion:
ETH/USDT on the daily timeframe is still in an uptrend, but is experiencing a correction after testing resistance at 4,950.
Safe strategy: wait for the price to reach 4,500–4,550 to Long, TP 4,950–5,100.