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ETH/USDT Analysis

Support and Resistance Levels

- Support Levels:

- 2436.20 USDT: This is a recent low observed on the chart.

- 2434.02 USDT: Another support level indicated on the chart.

- Resistance Levels:

- 2479.70 USDT: This is a recent high observed on the chart.

- 2481.88 USDT: Another resistance level indicated on the chart.

Entry Signal

- Entry Point: A potential entry point could be around the current price level of 2467.30 USDT, especially if the price breaks above the 50-period EMA at 2469.06 USDT with strong volume.

Stop Loss and Take Profit Levels

- Stop Loss: Set a stop loss slightly below the recent support level, around 2434.02 USDT, to minimize potential losses.

- Take Profit: Set a take profit level near the recent resistance level, around 2479.70 USDT, to secure potential gains.

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