$ETH MARKET ANALYSIS
Entry Point: Look for a solid entry around $3,500 as price could face a strong pullback from recent highs.
Alternative Entry: Enter near $3,400 if the market shows signs of consolidation and support at this level.
Target Levels $ETH :
-Primary Target: $3,650 – Key resistance level, potential reversal point.
-Extended Target: $3,800 – Next resistance zone if momentum builds.
Stop Loss:
-Conservative Traders: Place stop loss at $3,300 to protect against sharp drops.
-Aggressive Traders: Set stop loss at $3,250 for slightly higher risk tolerance.
Market Context for $ETH :
-Liquidation Pressure: $63.684K short liquidation at $3471.82, which could fuel upward momentum.
-Volume Surge: Watch for significant volume spikes to confirm direction.
-Risk-Reward Ratio: Ensure at least a 1:2 risk-reward ratio to manage risk effectively.
Stay alert and execute quickly as volatility could spike!