$ETH /USDT: Ethereum Consolidates After Hitting $3,744 – What’s Next? 🚀
Ethereum (
$ETH ) is currently trading at $3,667.59, showing a minor pullback of -0.18% after testing the recent high of $3,744.83.
Key Levels to Watch:
Resistance: $3,744.83 – Breaking this could push ETH into a new bullish phase.
Support: $3,642.53 – A key level to hold for maintaining upward momentum.
Market Observations:
Ethereum has been in a steady uptrend since touching $3,421.79, gaining notable strength.
Consolidation near current levels suggests traders are waiting for the next move, with bullish sentiment intact.
Potential Scenarios:
Bullish Breakout: A move above $3,744.83 could lead ETH toward $3,800 or higher.
Bearish Retest: A drop below $3,642.53 might signal a pullback to $3,524 support.
Traders, stay alert as Ethereum navigates this critical zone. Will it break higher or consolidate further before the next rally?
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