$ETH /USD Market Update: Testing Crucial Resistance
Current Price: $3,635
24H Performance: +2.1%
Ethereum is holding strong at $3,635, with bulls eyeing a breakout as momentum builds. The market is showing signs of strength, but key levels must be surpassed for a sustained rally.
Key Levels to Watch
Resistance:
$3,700 – Immediate resistance zone; a break here could push ETH toward $3,800.
$4,000 – Major psychological barrier and bullish confirmation level.
Support:
$3,600 – Immediate support level to watch.
$3,500 – Key area for bulls to defend in case of a pullback.
Trade Setup
Bullish Scenario: A close above $3,700 could trigger a rally toward $3,800 and eventually $4,000.
Bearish Scenario: A dip below $3,600 may lead to retesting $3,500, where buyers might step back in.
Traders should keep an eye on market volume and broader crypto sentiment for further clues. ETH’s positioning could lead to high volatility near these levels.
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