Quick Analysis ‼️$ETH ‼️With Recommendations ⚠️
📈 $ETH / USDT ALERT 📈
Ethereum continues to rise as it is currently trading at $2,673.16, up +3.68%
Further upside moves are expected!
🔍Technical Indicators Analysis:
•EMA: The 7-day EMA at $2,595.30 USDT shows support for the current trend, while the 99-day EMA at $2,490.52 USDT confirms the long-term trend.
•RSI: The RSI at 49.02 shows a balance between selling and buying forces, indicating that the market has not yet entered the overbought or oversold zone.
•MACD: Positive momentum with a bullish crossover approaching, enhancing the possibility of a continued rise.
📊 Recommendations:
• Short-term buy: With the current bullish momentum and technical indicators supporting the continuation of the rise, entering these levels may be a good opportunity for short-term trading.
• Watch carefully: If the price exceeds the $2,700 levels, this may indicate a strong breakout, but you should watch the resistance at $2,800 USDT carefully.
• Risk analysis: Place a stop loss close to $2,600 USDT, to avoid any unexpected price decline.
📌 Tips for investors:
• Hedging against volatility: It is useful to use hedging strategies if you intend to hold for a long period.
• Portfolio diversification: Try to diversify your investments between different assets to reduce risks
