ETH is trading near its short-term moving averages with moderate RSI, showing consolidation after recent volatility. Price is between recent support and resistance levels.
Current Market Position
ETH is trading at $3405, slightly above both 20-day ($3394) and 50-day ($3389) moving averages, indicating neutral momentum. The RSI at 60 suggests neither overbought nor oversold conditions.
Recent Price Action
Price dropped to a low near $3223 before recovering to current levels. Recent trading has been range-bound between $3368 support and $3468 resistance.
Trading Strategy
Consider buying near recent support at $3368 and selling near resistance at $3468. Current price is in the middle of this range, suggesting a hold position for now.
Risk Management
Always use stop-loss orders below your buy price to limit potential losses. Crypto markets can be volatile, so only invest what you can afford to lose.
Beginner Recommendations
Advice: hold
Buy Price: 3368 USDT
Sell Price: 3468 USDT
Key metrics
| Price | 3405.0600 USDT |
| 24h Change | -0.76% |
| RSI(14) | 60.18 |
| SMA20 / SMA50 | 3394.23 / 3389.09 |
| Daily Volatility | 4.31% |
| 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.
