🚀 $ETH /USDT AT A CRUCIAL JUNCTURE – READY FOR A BREAKOUT OR PULLBACK? 🚀
The ETH/USDT 15-minute chart is showing strong signals around the $2673.81 level, testing a critical resistance zone. After several attempts to breach this level, it appears Ethereum is gathering momentum, making this a pivotal moment for traders eyeing both short and long-term moves.
Current Price: 2673.81 USDT
💡 Key Levels to Watch:
• Resistance: 2684 USDT – A clear breakout above this point could spark a rally, attracting momentum traders and potentially driving the price toward the next target at 2700 USDT.
• Support: 2650 USDT – This level serves as a safety net. If ETH retraces and loses this support, it may dip further, eyeing the 2600 USDT zone as the next significant support.
📉 Entry Strategy:
• Long Entry: Consider entering above 2684 USDT with a target of 2700 USDT and a Stop Loss at 2660 USDT to protect against a sudden pullback.
• Short Entry: If ETH fails to break above 2684 USDT and starts pulling back, a short entry around 2670 USDT could be viable, with a target of 2650 USDT and a Stop Loss at 2685 USDT.
📈 Long-Term Outlook: A sustained move above 2684 USDT could signal a bullish trend, with ETH potentially eyeing higher resistance zones above 2700 USDT in the days ahead.
📉 Short-Term Caution: A break below 2650 USDT may lead to increased selling pressure, targeting lower levels and challenging the recent bullish momentum.
Stay alert – ETH is at a tipping point!
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