$ETH /USDT Technical Analysis Update and Trading signal 👍🔃

Current Price: $3,297.59 (+0.19% in 24h)

24h Trading Data:

High: $3,350.00

Low: $3,233.18

Volume (ETH): 207,389.18 ETH

Volume (USDT): $684.52M

Bollinger Bands (20, 2):

Upper Band (UP): $3,373.02

Middle Band (MB): $3,312.14

Lower Band (DN): $3,251.25

Technical Indicators:

Resistance Levels: $3,638.70, $3,443.79

Support Levels: $3,248.89, $3,087.53, $3,053.98

24h Summary:

The price reached a high of $3,350.00 and a low of $3,233.18.

Significant trading volume with 207,389.18 ETH traded and $684.52M in USDT, reflecting active market participation.

🔑Key Insights:⬇️

The price is trading near the middle Bollinger Band, indicating a balanced market sentiment.

Key support levels are at $3,248.89, $3,087.53, and $3,053.98, while resistance levels are at $3,638.70 and $3,443.79.

➡️Trading Signal:📶

💰‼️Buy Zone: Consider entering long positions if the price approaches support levels around $3,248.89 to $3,087.53, anticipating a potential rebound. 📈

Sell Zone: Watch for potential selling opportunities near resistance levels at $3,638.70 and $3,443.79. 📉

Stop-Loss: Place stop-loss orders just below the lower Bollinger Band at $3,251.25 to mitigate downside risk. ⚠️

#Crypto #ETH #CryptoTrading #MarketUpdate #ETH_ETFs_Approval_Predictions