#BuyTheDipOrWaitNow? Here is a complete in-depth technical analysis for ETH/USDT:
$ETH
1. Immediate Price Action & Trend
· Current Price: 2,095.14 USDT (Perpetual Futures)
· 24h Change: -7.77%, indicating strong bearish momentum.
· Price is trading significantly below the 24h high (2,293.76) and near the 24h low (2,076.66), confirming a sharp intraday sell-off.
2. Technical Indicators Analysis
Bollinger Bands (20,2)
· Midline (BOLL): 2,116.94
· Upper Band (UB): 2,156.70
· Lower Band (LB): 2,077.18
· Price Position: Trading below the midline and approaching the Lower Band, signaling bearish p