Price: 4457.82 | EMA7: 4465.94 | EMA25: 4435.27 | RSI14: 55.51 | Resistance: 4663.93 | Support: 4257.2 | Average Volume: 20907.55 | Volume Trend: Decreasing
Based on the 1-hour chart analysis, here's my technical view:
The ETHUSDT pair is currently trading at 4457.82, slightly below the EMA7 (4465.93). The RSI14 is at 55.51, indicating a neutral sentiment. The MACD is above zero, suggesting a bullish trend.
Considering the resistance at 4663.93 and support at 4257.2, I recommend the following:
**Long Entry:** Wait for a breakout above the EMA7 (4465.93) with a stop-loss at 4400. Target resistance levels at 4600 and 4663.93.
**Short Entry:** Look for a bearish reversal below the EMA25 (4435.26) with a stop-loss at 4480. Target support levels at 4350 and 4257.2.
**Spot Buy Price:** Consider buying at the current price (4457.82) if you're comfortable with a slightly bearish RSI14 reading. Keep a stop-loss at 4400 and target 4600 and 4663.93.
Remember to set appropriate risk management and adjust your position size according to your trading strategy.