FX.co ★ rlemke | Cryptoanalytics from InstaForex

Long-term ETH/USDT Buying Strategy We suggest entering long positions on the ETH/USDT pair with an initial price of $3,292. A specific stop-loss level is set at $3,240 to minimize potential losses. Technical Analysis on the Hourly Chart Currently, the ETHUSDT instrument shows a strong support level at $3,300. Increased trading volumes are noted, indicating a possible corrective price movement to eliminate accumulated liquidity, as confirmed by the chart data. Entry Opportunities A long entry opportunity is considered in the range from $3,200 to $3,180. It is important to set a clear stop-loss in case of a structure breakthrough at the $3,150 level on a smaller time frame. Trading Plan Objectives The main goal is to break through the resistance level at $3,300 and further price movement towards the area of uncovered imbalance on the daily timeframe (1D TF).