$ETH /USDT 15-Minute Chart Analysis:

Current Price: $2,609.20

24H Range: $2,537.36 - $2,688.60

Overview:
The chart shows a consolidation pattern with price fluctuating between support and resistance zones.

After hitting a high of $2,688.60, the price is currently retracing, hovering around $2,609.

Volume shows a spike earlier in the session, but has since normalized, suggesting slowing momentum as price approaches a key support zone.
Key Levels:
Resistance Zone: $2,620 - $2,630

Support Zone: $2,600 - $2,605
Trade Strategy:
1. Long Trade Setup:

Entry: Consider entering around $2,600 - $2,605 where the lower support zone is identified.

Target: Target a potential bounce towards the resistance zone at $2,620 - $2,630.

Stop-Loss: Place a stop-loss below $2,595, as a break below this could signal further downside.
Confirmation:
Look for a reversal or bullish candlestick pattern (e.g., hammer, bullish engulfing) near the $2,600 support level before entering the trade.
2. Short Trade Setup:
Entry: Enter short around $2,620 - $2,630, where price is currently facing resistance.

Target: Target a move down to the support zone at $2,600 or possibly lower towards $2,590.Stop-Loss: Set a stop-loss above $2,635, as a break above this could indicate a bullish breakout.Confirmation:Watch for rejection patterns at the $2,620 - $2,630 resistance area, such as a bearish engulfing pattern or wicks at the top of the candles.---Indicators:Volume: Volume has normalized after an earlier spike, indicating reduced momentum. An increase in volume at key levels can confirm direction.Trend: Short-term trend is showing weakness as price tests support levels, but consolidation suggests indecision in the market.Conclusion:Bullish Scenario: A move above $2,630 could trigger a stronger rally, with potential targets near the recent high at $2,688.Bearish Scenario: A break below $2,600 would open the possibility for a further decline towards $2,590 - $2,580.Always apply risk management principles and wait for confirmation signals before entering trades.#MemeCoinTrending #USStockEarningsSeason #GrayscaleConsiders35Cryptos #CanaryLitecoinETF #Write2Earn!