🚨 $ETH /USDT Surges to $3,422: Breakout or Retracement Ahead? 🚨
Ethereum ($ETH) is trading at $3,422.64, posting a solid 3.97% gain in the past 24 hours. With bullish momentum building, ETH is nearing critical levels that could define its next big move.
Targets for the Upside:
1. $3,467 – Immediate resistance; a breakout here could fuel rapid gains.
2. $3,550 – Key resistance zone and potential rally point.
3. $3,650 – Major psychological level for further upward momentum.
Support Levels to Watch:
$3,300 – Strong support zone to maintain bullish sentiment.
$3,260 – Critical level; a breakdown could signal a deeper correction.
Trade Setup:
Long Entry: Above $3,467 with targets at $3,550 and $3,650.
Short Entry: Below $3,300 with a potential retracement to $3,260.
Stop-loss: Set below $3,260 for risk management.
⚠️ Market Insight: Rising volume suggests increased buying interest. Watch for a confirmed breakout above resistance or a pullback to support for optimal entries.
#ETH #CryptoAnalysis #Write2Earn! #BinanceLaunchpoolBIO #BinanceLabsBacksUsual