$ETH /USDT Analysis: Bullish Breakout on the Horizon
$ETH is trading at $3,519.59, showing a strong 4.72% intraday gain. After bouncing from a low of $3,101.90, Ethereum has surged past $3,500, confirming a breakout and bullish momentum.
Key Levels to Watch
Support: $3,475 – Holding above this level is critical for maintaining the rally.
Resistance: $3,550 – A breakout could drive Ethereum to test higher levels.
Trade Setup
Entry Point: Around $3,520
Targets:
1. $3,600 (short-term)
2. $3,700 (next target)
Risk Management
Stop-loss: $3,450 – To protect against any reversal in trend.
Ethereum is showing signs of strength, and a sustained move above $3,550 could attract further buying pressure. Keep a close eye on market volume for confirmation of the breakout.
