$ETH ETH/USDT Trading Signal - Sharp Decline Offers Short-Term Opportunity

Current Price: $3,457.94

EMA Trends:

EMA(7): $3,530.86

EMA(25): $3,613.44

EMA(99): $3,605.97

Observation:

Ethereum (ETH/USDT) has experienced a significant drop, finding temporary support near $3,413.81. Immediate resistance is observed at $3,530, with the EMAs aligned in a bearish trend, indicating continued selling pressure.

Potential Strategy:

Entry Range: $3,455 - $3,470

Targets:

Target 1: $3,500

Target 2: $3,540

Stop Loss: $3,400

Key Insights:

The current price action suggests a potential short-term recovery towards $3,500. However, if $3,413 breaks, a retest of $3,350 could follow. Stay cautious and monitor volume changes.

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