Technical analysis by CryptoAle992 about Symbol ETH: Buy recommendation (5/3/2025)

Ethereum (ETH/USDT) Trading Analysis: Bullish Momentum Ahead1. Trend OverviewETH/USDT is displaying a strong bullish trend, with recent upward price action marked by consecutive green candlesticks. The current price of 1,833.02 USDT reinforces bullish momentum, suggesting sustained buying pressure.2. Key LevelsSupport: The 200-period moving average (green line) acts as dynamic support, offering a potential entry point on pullbacks.Resistance: Immediate resistance lies near recent highs. A breakout above this zone could trigger further upside. Bollinger Bands highlight volatility, with the upper band signaling potential resistance.3. Technical IndicatorsMACD: Bullish momentum is confirmed, with the MACD histogram in positive territory.RSI: At 45, the RSI indicates neutral conditions—no overbought or oversold signals—leaving room for upward movement.4. Trade SetupEntry: Enter long at 1,840 USDT (above current price) to confirm trend continuation.Stop-Loss: Set at 1,800 USDT (below the 200 MA) to limit downside risk.Take-Profit: Target 1,900 USDT (short-term) and 2,000 USDT (mid-term)**—a 3-9% return potential.Final SummaryAsset: ETH/USDTBias: Strong BuyEntry: 1,840 USDTStop-Loss: 1,800 USDTTake-Profit: 1,900 / 2,000 USDTConfidence: HighPro Tips:Monitor Bollinger Band width for volatility shifts.Watch for reversal patterns (e.g., bearish engulfing candles) near resistance.Why This Matters: Ethereum’s bullish structure, backed by technical confirmation, offers a high-probability trade. With clear risk-reward parameters and untapped upside, this setup is ideal for trend followers.Ready to capitalize? Let me know if you need real-time updates or adjustments! 🚀