To determine the go long or shorting strategy for ETH/USDT, it is necessary to analyze the technical indicators, trends, and key price levels.



1. Trend and Moving Average Signals

- The short-term moving averages (EMA5, EMA10) show a downward turn, with the price retreating from the previous high of 4253.12, overall in a short-term downtrend.
- EMA55 (4100.26) is a medium-term support, the current price (4112.01) is slightly above it. If it breaks below this moving average, the downtrend may strengthen.

2. Key Price Levels and Trading Signals

- Go long conditions: The price must stabilize above the short-term moving averages (EMA5, EMA10) and break through 4122.69 (the entry point for long positions in the chart), while confirming bullish momentum with increased volume. The stop loss can be set below 4097.
- Shorting conditions: If the price falls below EMA55 (4100.26) and the rebound is weak, consider shorting, set the stop loss above 4122.69, and the target can be the previous support or lower.

3. Risk Warning

The cryptocurrency market is highly volatile, and technical analysis is for reference only. Before trading, it is essential to consider the overall market sentiment, news (such as ETH ecosystem developments and macro policies), and to strictly manage funds and plan stop-losses.
ETH-1,16%
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