$ETH $ETH #ethbeta
Free Analysis
Free Signal
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way to get ▶️ (helpinghands_signals )
Note: Keep an eye on the MA(7) support. If the price closes below it, consider reducing exposure, as this could indicate a potential trend reversal or consolidation phase.
Momentum: The RSI is in the overbought zone, which suggests that ETH may either consolidate or slightly pull back before a further upward move.
if you are planing For Long Position for ETH/USDT
Entry: Consider a long entry near the current price level of 2,906.11 or wait for a small pullback towards the MA(7) around 2,877 for a potentially better entry point.
Stop Loss: Place a stop loss below the recent support and MA(25) line, at around 2,639, to manage downside risk.
Target:
Initial Target: 2,954.94 (recent high).
Extended Target: If it breaks above 2,954.94 with strong volume, aim for 2,984.81 as the next potential resistance level.
Key Points:
Trend: The chart shows a strong uptrend, with the moving averages aligned in a bullish pattern.
