$ETH

/USDT Technical Analysis

Ethereum continues to show impressive strength, pushing towards new highs. Let’s dive into the technical outlook for ETH/USDT and identify potential target levels to watch out for!

🔹 Current Price: $2,902.22 (+7.91% change in 24h)

🔹 Key Resistance Levels:

Target 1: $2,911.59 – ETH has recently reached this level, and if the momentum continues, it could retest this high. A breakout here might signal a new rally.

Target 2: $3,000.00 – A psychological resistance level. If ETH breaks above $2,911.59 with strong volume, this price point could be the next milestone.

Target 3: $3,100.00 – A potential target for longer-term upside, as Ethereum continues to establish a bullish trend. Watch for strong support holding around this range for further upside momentum.

🔹 Support Levels:

The immediate support zone sits around $2,682.90, which has held well in recent sessions. A dip below this level could lead to further testing at $2,400.

Volume Analysis: ETH is seeing solid volume with 744,482 ETH traded in the past 24 hours, which confirms the strength of this rally.

🔹 Short-Term Outlook: Bullish, with potential price action testing the $2,911 resistance. A breakout could open doors to new highs.

🔹 Keep an eye on: How ETH behaves around the $2,911 level. A successful breakout could trigger the next wave of upward movement.

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