$ETH has recently experienced significant market activity, including a substantial long liquidation at $3,487.13. This event indicates increased selling pressure, which can influence future price movements.

Buy Zone.

Analysts suggest that a potential buy zone for Ethereum lies between $3,150 and $3,200. Entering the market within this range may offer a favorable risk-reward scenario for traders anticipating a price rebound.

Target Levels.

If Ethereum's price initiates an upward movement from the buy zone, the following target levels are identified.

First Target. $3,400

Second Target.

$3,500 Reaching these levels would indicate a positive price trend and potential profit opportunities for traders.

Stop Loss.

To manage risk, it's advisable to set a stop-loss order at $3,100. This precautionary measure helps protect against potential losses if the market moves unfavorably.

Market Outlook.

Recent analyses highlight that Ethereum's price has been fluctuating within a critical range between $3,250 and $3,423. A drop below the $3,250.

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