$ETH /USDT: Bullish Momentum Driving Gains – Key Resistance Levels Ahead
ETH/USDT is trading at $3,417.01, reflecting a 1.44% increase over the last 24 hours. Ethereum has shown strength as it approaches significant resistance, with strong trading volumes supporting the upward trend.
Key Data Points:
24h High: $3,546.66
24h Low: $3,348.72
24h Volume (ETH): 987,563.04
24h Volume (USDT): $3.41B
Trade Strategy:
Long Position: Enter above $3,450.00, targeting $3,550.00 and $3,600.00. Set a stop loss at $3,350.00.
Short Position: Enter below $3,340.00, aiming for $3,300.00 and $3,250.00. Set a stop loss at $3,400.00.
Market Outlook:
ETH/USDT is building bullish momentum, with resistance at $3,450.00. A breakout above this level could pave the way toward $3,600.00. However, failure to sustain above $3,340.00 might lead to a short-term correction, targeting lower support zones. Traders should closely monitor price action and trading volumes to identify potential breakouts or reversals.
