#EthereumTurns10 ### ๐ Technical Analysis of ETH/USDC
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#### ๐ **Chart Overview**
* **Current Price:** \$3,863.59
* **24h Change:** +1.26%
* **24h High / Low:** \$3,864.32 / \$3,676.29
* **24h Volume (ETH):** 230,715
* **MA60 (Moving Average 60):** \$3,846.01
* **MA(5):** 79.27 | **MA(10):** 93.87
* **Todayโs Gain:** +3.36%
* **30-day Performance:** +55.37%
* **90-day Performance:** +108.06%
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### ๐ **Trend Analysis**
* The price is currently **above MA60**, signaling a **bullish trend**.
* The price has consistently made **higher highs**, showing strength in momentum.
* Volume has increased recently, confirming **buying interest**.
* The EMA lines (yellow: MA5, purple: MA10) are tight and curving **upward**, another bullish indicator.
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### ๐น **Profit/Loss Signal**
* โ **Entry Signal (Buy):** Would have been confirmed when price crossed above the MA60 around **\$3,846**, with volume spike and EMA crossover (MA5 > MA10).
* ๐ฐ **Profit:** If bought around MA60 (\$3,846) and held until now (\$3,863), youโre in **profit**.
* ๐ **Loss Risk:** If market rejects the resistance at \$3,864.32 (todayโs high), a short-term **pullback** might happen.
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### ๐ฏ **SL (Stop Loss) and TP (Take Profit)**
* **๐ป Stop Loss (SL):**
Place near **\$3,835โ3,840**, just below MA60. If price drops here, it likely invalidates the upward trend.
* **๐บ Take Profit (TP):**
Short-term TP can be around **\$3,880โ3,900**, where the next psychological resistance lies.
Aggressive traders can trail TP using the 5 EMA.
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### ๐ Summary
* **Trend:** Strong bullish
* **Signal:** Profit (if entered near MA60 or earlier)
* **SL:** \$3,835
* **TP:** \$3,880โ3,900
* **Caution:** Watch for rejection at \$3,864+ zone; a break above it with volume would confirm continuation. #FOMCMeeting #ETHCorporateReserves $ETH
