🚨 ETH/USDT ALERT: CRITICAL LEVELS AHEAD – BREAKOUT OR PULLBACK? 🚨
Ethereum is trading at $3,572.82, down 1.18%, and moving within a consolidation zone after testing a low of $3,529.76. Traders should watch for a potential breakout or breakdown from this range as ETH approaches key levels.
💡 Key Levels to Watch:
Resistance: $3,584 – A breakout above this level could push ETH to $3,620, $3,650, and possibly $3,700.
Support: $3,530 – A break below this level may lead to a retracement toward $3,480 and $3,420.
⚠️ What Traders Should Do:
For Long Positions:
Enter on a confirmed breakout above $3,584, targeting $3,620, $3,650, and $3,700.
Use a stop loss below $3,550 to manage risk.
For Short Positions:
Enter if $ETH
H drops below $3,530, targeting $3,480 and $3,420.
Set a stop loss above $3,560 to avoid reversals.
📉 Market Sentiment:
ETH is currently consolidating, suggesting the market is preparing for its next major move. Watch for volume surges and clear breakouts or breakdowns to confirm the trend. Trade with discipline and manage risk wisely!
