🚨 $ETH /USDT ALERT: Testing Key Levels Around $3,119! 🚨
Ethereum is showing slight upward momentum, currently trading at $3,119.50 (+0.34%). The market is at a critical juncture, with ETH approaching pivotal levels. Here’s the breakdown:
🎯 Target 1: $3,159.20
The 24-hour high is the immediate resistance. A breakout here could indicate growing bullish momentum, attracting more buyers.
🎯 Target 2: $3,224.94
If ETH clears the first target, the next significant resistance level is $3,224.94. Breaking this level could lead to a strong upward push.
🎯 Target 3: $3,300.00
This psychological level would confirm a bullish breakout, establishing a potential rally and increased investor confidence.
🚨 Support Level: $3,029.41
On the downside, holding above $3,029.41 is crucial to maintain current sentiment. A drop below this level may lead to consolidation or a bearish reversal.
📊 Key Indicators:
MA(7): $3,093.47 – Provides short-term support.
MA(25): $3,092.88 – Reflects mid-term stability.
MA(99): $3,110.21 – Serves as a major support floor.
Ethereum is at a pivotal point. Traders should watch closely for a potential breakout or signs of reversal.