ETHUSDT: Strategy Insights and Key Levels Today !
2024-10-29

Hello, traders! What’s your take on ETHUSDT today? Let’s dive into some analysis and craft a strategy for this coin!

ETHUSDT is showing strong recovery momentum around the 2622 USDT mark, with its upward move approaching a critical area at the upper boundary of the price channel.

While the bullish momentum is promising, it's essential to take a step back and look at the bigger picture. The bearish price channel remains intact, and the current target aligns closely with the downward trendline resistance on the 1D timeframe.

With the EMA 34 and 89 indicators supporting my view, I'm considering a short position on ETHUSDT before a clear breakout confirms a stronger uptrend.

What about you? What’s your strategy and target for ETH today? Let’s discuss!
