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!