🚨🚨$ETH /USDT Technical Analysis🚨🚨
📊The $ETH /USDT pair is currently trading at $2,448.74. The price has been consolidating in a narrow range between $100.00 and $102.00 for the past few hours. The 5-minute chart shows a slight downward trend, but the overall picture is still bullish.
📈Long Entry: $101.50
🛑Stop Loss: $100.50
🎯Target: $102.50
📉Short Entry: $101.00
🛑Stop Loss: $101.50
🎯Target: $99.50
📊The RSI is currently at 50, indicating a neutral market. The MACD is also neutral, with the MACD line crossing below the signal line.
Overall, the market is currently in a state of consolidation. While there is a slight bearish bias in the short term, the long-term trend remains bullish. Traders should be cautious and wait for a clear breakout before taking any positions.
⚠️Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
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