Ethereum ($ETH /USDT) Market Analysis
Ethereum is currently trading near $2,469, with recent price action indicating consolidation in a narrow range. Technical indicators suggest potential short-term opportunities for traders:
Support Level: $2,382 – ETH has been finding buying interest around this level.
Resistance Level: $2,505 – A breakout above could signal renewed bullish momentum.
MACD: Mixed signals; watch for crossovers for momentum cues.
RSI: Nearing oversold, hinting at possible short-term upward pressure.
Trade Targets:
1. Target 1: $2,505
2. Target 2: $2,520
3. Target 3: $2,550
Ethereum's current setup may appeal to both swing traders and short-term holders. Always ensure risk management, as market volatility can shift trends quickly. Happy trading!