🚀$ETH

Ethereum (ETH/USDT) Technical Analysis – 3 Targets to Watch! 🎯

Current Market Overview:

Price: 3,419.90 USDT

24h High: 3,437.59 USDT

24h Low: 3,326.17 USDT

24h Volume: 252,677.15 ETH (~857.18M USDT)

Technical Analysis

Key Indicators:

1. MA(7): 3,417.61

2. MA(25): 3,419.60

3. MA(99): 3,388.93

Ethereum is currently trading slightly above its 7-day moving average, signaling a short-term bullish momentum. However, resistance levels near the 24h high indicate potential consolidation.

Support & Resistance Levels:

Immediate Support: 3,400 USDT

Strong Support: 3,326 USDT

Immediate Resistance: 3,437 USDT

Major Resistance: 3,500 USDT

Targets 🎯

1. 🎯 Target 1 (Short-Term): 3,450 USDT

If ETH breaks through the immediate resistance of 3,437 USDT, it could rally toward 3,450 USDT in the short term. This is ideal for day traders looking to capitalize on quick moves.

2. 🎯 Target 2 (Medium-Term): 3,500 USDT

A decisive break above 3,450 USDT with strong volume may push Ethereum to 3,500 USDT. This is a key psychological resistance level and may determine the next bullish phase.

3. 🎯 Target 3 (Long-Term): 3,700 USDT

If the market sustains a rally above 3,500 USDT, the next significant target lies at 3,700 USDT. This would signal the continuation of a long-term uptrend, supported by market-wide bullish sentiment.

Key Takeaway:

Ethereum's short-term movement hinges on breaking above 3,437 USDT resistance. Traders should monitor volume and overall market conditions to assess the sustainability of these targets. Risk management is crucial, with stop-losses set around 3,326 USDT support.

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