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ETHUSDT Trading Analysis for Beginners

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ETH is currently trading at $4369 with mixed signals. The price is near recent lows but RSI suggests it’s slightly overbought. Recent volatility indicates medium risk.

Current Price Action

ETH dropped from $4538 to $4277 recently and is now at $4369. This shows significant price swings in a short period.

Technical Indicators

RSI at 69 suggests ETH is approaching overbought territory. The price is below the 50-day average but above the 20-day average, showing mixed momentum.

Support and Resistance

Recent support formed around $4277-$4328. Resistance appears near $4380-$4538 based on recent price rejections.

Trading Strategy

Consider buying near support levels and selling near resistance. Current price is closer to support than resistance.

Beginner Recommendations

Advice: hold

Buy Price: 4280 USDT

Sell Price: 4380 USDT

Key metrics

Price 4369.3000 USDT
24h Change -1.52%
RSI(14) 69.38
SMA20 / SMA50 4351.48 / 4419.44
Daily Volatility 2.75%
Sentiment Neutral
Risk level Medium

Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.

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