ETH is currently trading around 3,410 USD, with the 1-hour moving average under pressure and forming a bullish engulfing candle pattern. However, the divergence between volume and price along with unusually low liquidity indicates that the upward momentum is weakening, therefore the short-term strategy remains to look for selling opportunities when the price retraces.
💡 Trading suggestion:
Enter short position: around 3,440 USD
Take profit target: around 3,258 USD
ETHUSDT
Perp
1,936.4
-3.59%