📈 Ethereum ($ETH /USDT) Technical Analysis Update - Short-Term Trade Opportunity 📉
Ethereum (ETH) is trading at $2,698.54, with a notable increase of +1.85% in the last 24 hours. Here's a technical analysis for short-term traders:
🔍 Market Overview:
24h High: $2,721.00
24h Low: $2,635.54
24h Volume: 163,224.06 ETH / 435.68M USDT
🔑 Technical Indicators:
MA (Moving Average): ETH is finding support around $2,620.19, aligning with recent bullish momentum.
EMA (Exponential Moving Average): Supports the upward trend, with price consolidating above $2,600.
RSI (Relative Strength Index): Currently in neutral territory, suggesting more room for upward movement.
MACD (Moving Average Convergence Divergence): Signals a bullish crossover, indicating continued upward momentum.
Bollinger Bands: Price near the upper band, suggesting potential volatility ahead.
📊 Trading Strategy: Consider the following price levels for short-term trading targets:
🎯 Target 1: $2,720 (Near-term resistance) 🎯 Target 2: $2,735 (Key resistance level) 🎯 Target 3: $2,620 (Strong support level)
⚠️ Risk Management: Watch the $2,635 support zone. A break below could signal a deeper correction.