๐ $ETH /USDT: TESTING RESISTANCE โ IS A BREAKOUT COMING? โก
The $ETH/USDT pair is currently trading at 3,645.32, hovering near critical support and resistance zones. Traders should closely monitor price action for potential breakout opportunities.
๐ Trade Scenarios:
Entry Point: 3,645.32
Take Profit (TP) 1: 3,700.00
Take Profit (TP) 2: 3,800.00
Take Profit (TP 3): 3,900.00
Stop Loss (SL): 3,550.00
Support is established at 3,550.00, while resistance is at 3,700.00. A breakout above 3,700.00 could trigger bullish momentum, pushing prices toward 3,800.00 and 3,900.00. Conversely, a drop below 3,550.00 may lead to bearish retracement.
๐ Market Outlook:
ETH is testing the 3,700.00 resistance zone. If the price breaks above this level, we could see a continuation toward 3,800.00 and higher. However, failure to hold above 3,550.00 might signal a pullback.
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