$ETH Analysis with Signal !

🟢 Long Signal Setup:

Entry : If ETH stabilizes above $3,191 with Stochastic RSI reversing from the oversold level, this may be a good entry for a potential bounce toward the $3,289 resistance.

Consider setting a stop-loss below $3,191 to manage risk.

🏴‍☠️Caution: If ETH breaks below $3,191 with high selling volume, we could see a retracement towards $2,998. Wait for the Stochastic RSI to indicate oversold conditions and a reversal at that level for a safer entry.

📊Technical Overview:

$ETH is moving within the mean reversion channel, currently near the upper band. This can indicate overextension, which often signals a potential pullback or consolidation around this level. However, a breakout above the upper band with strong volume could suggest continuation of the uptrend.

Stochastic RSI – The Stochastic RSI is currently near the oversold level (below 20), suggesting a possible short-term recovery or bounce. This aligns with potential support in the price near the mid-range of the mean reversion channel.

Key Support & Resistance Levels:

Resistance: $3,289 – This is the next major level above, where we could see strong selling pressure if ETH continues upward.

Support: $3,191 – Immediate support just below the current price. Watch for a break here for a potential move down to $2,998, the next key support level.

💡 Pro Tips:

Entry Timing: Use the Stochastic RSI to confirm momentum shifts at support/resistance levels.

Risk Management: Always use stop-loss orders to limit potential losses, especially in high-volatility zones. #ETH🔥🔥🔥🔥