Technical Analysis of $ETH

/USDT

Current Price: $3,980.50 (Bullish momentum, up +1.34%)

Trend: Bullish (Currently trading above key support levels)

24h Price Range: $3,920.09 - $4,107.80

Key Support and Resistance Levels:

Support: Around $3,920.00 - $3,937.74

Resistance: $4,100.00 - $4,107.80

Trade Signal:

Buy: If price holds above $3,937.74, targeting higher levels near resistance.

Sell/Exit: If price breaks below $3,920.00, consider closing long positions.

Target Levels (3 Price Points):

1. First Target 🎯: $4,020.00 (Intermediate resistance)

2. Second Target 🎯: $4,100.00 (Strong resistance zone)

3. Third Target 🎯: $4,150.00 (Potential bullish breakout)

Trade Momentum:

Bullish: Strong upward momentum as price maintains above the 24-hour support zone.

Risk Consideration: Watch for price reaction near $3,920. A break below it could signal a reversal and indicate a potential shorting opportunity.

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