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Technical Analysis: $ETH /USDT
Current Trend
• Bullish Recovery: $ETH is showing a strong "V-shaped" recovery on the 15m chart after dipping to the $2,345 area.
• Momentum: The price has successfully reclaimed all major Moving Averages (MA5 to MA120). The steep upward slope of the short-term MAs indicates high buying urgency.
• Price Action: Currently trading at $2,370.82, up +1.00%, showing consistent higher lows.
Key Levels
• Resistance: $2,380.02 (Previous local peak). Breaking this is crucial for a trend continuation.
• Support: $2,366 (MA5) | $2,357 (MA20/MA30 cluster).
• Critical Floor: $2,345 (Recent swing low).
#Recommendations
• #Long_Entry: Look for entries on minor pullbacks toward the $2,365 – $2,368 range.
• #Breakout_Play: Enter a position if $ETH clears the $2,380 resistance with high volume.
• #Take_Profit: Target $2,395 – $2,410.
• #Stop_Loss: Set below $2,353 (below the MA120) to manage risk.
Summary: The outlook for $ETH is Bullish. As long as it stays above $2,360, the momentum favors a retest of the $2,380 level soon

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