📈 $ETH /USDT HITS NEW HIGHS! 🚀🌟
Ethereum (ETH) against Tether (USDT) has shown a significant upward trend, reaching a current price of $3,715.82, marking a 2.80% increase. The 24-hour high stands at $3,721.73, while the 24-hour low is $3,500.00. The trading volume for ETH is 766,489.44, and for USDT, it is 2.77B. The chart displays a strong bullish momentum with a series of green candlesticks indicating a steady rise in price. The lowest point in the last 24 hours was $3,500.00, and the highest was $3,721.73. The price is currently hovering near the upper end of this range, suggesting strong buying interest.
📈 Trade Scenarios 📉
- Bullish Scenario: If the price breaks above the recent high of $3,721.73, it could continue to rise towards the next resistance level at $3,800.00.
- TP: $3,800.00
- SL: $3,650.00
- Bearish Scenario: If the price fails to sustain above $3,715.82 and drops below $3,650.00, it could retrace back to the support level at $3,570.21.
- TP: $3,570.21
- SL: $3,750.00
🔍 Market Outlook 🔮
The overall market sentiment appears bullish with strong upward momentum. Traders should watch for a breakout above $3,721.73 for further gains. However, caution is advised as a pullback to support levels is also possible.