$ETH /USDT Technical Analysis
Current Price: $3,364.00 (+1.07%)
24H Range: $3,216.97 - $3,384.60
Volume: 477,736.04 ETH
Key Insights:
Ethereum has shown bullish momentum with a rebound from $3,300 support, testing the $3,380 resistance level.
Consolidation within the $3,300-$3,380 range suggests a potential breakout, leading to significant price action.
🎯 Targets:
1. Target 1: $3,400
Rationale: Immediate psychological resistance; achievable if buying momentum continues.
Action: Secure partial profits near this level.
2. Target 2: $3,460
Rationale: Alignment with a strong historical resistance zone.
Action: Monitor for sustained momentum; hold positions above $3,400.
3. Target 3: $3,520
Rationale: Significant breakout level with potential to spark further bullish momentum.
Action: Consider full profit-taking at this level.
🔑 Strategy:
Stop Loss: Place below $3,300 to manage downside risk.
Indicators to Watch: Volume trends and RSI for overbought signals; a breakout above $3,400 could signal further bullish action.