🔷 ETH/USDT – The major layer one currency tests the pivotal 60 moving average level
Spot Trading | Binance
📊 Current Statistics:
Price: $2,956.65 (+1.44% today)
High/Low Price (24 hours): $3,069.07 / $2,866.11
Trading Volume (USDT) in 24 hours: 1.37 billion
60 Moving Average: $2,941.96 (Immediate Support/Resistance)
Category: Layer 1 / Layer 2 | Volume | Price Protection
📈 Technical Context:
The price hovers directly above the 60 moving average – a key pivot point for the short-term trend.
Volume is above the average volumes for 5 and 10 periods, supporting the current momentum.
Mixed signals: Positive today (+0.99%), but negative over 7 days (-11.45%) and 30 days (-1.97%).
🎯 Trading Setup (Two Scenario System):
Scenario 1 – Buy on breakout (if the 60 moving average holds as support)
Entry: Above $2,970 (confirmation of strength)
Target 1: $3,020
Target 2: $3,080
Target 3: $3,150
Stop Loss: $2,910
Scenario 2 – Sell on rejection (if the 60 moving average fails as support)
Entry: Below $2,940 (break of the 60 moving average)
Target 1: $2,890
Target 2: $2,840
Target 3: $2,790
Stop Loss: $2,990
$ETH ⚠️ Risk Notice:
ETH is a highly liquid and volatile asset – its movements often reflect broader market sentiment.
Wait for confirmation before entering any direction.
Not financial advice. Use strict risk management.
#ETH #USDT🔥🔥🔥 #Ethereum #BukhariTechTips