🚀 Ethereum Set for a Major Breakout! Must-See Key Levels and Predictions 🌟

The $ETH/USDT pair is currently trading at 3848.93, showing a promising 1.11% gain. Traders are keeping a close watch as Ethereum demonstrates potential for significant price movement. Let's break down the key levels and possible scenarios that could define its next trajectory.

=> Range-Bound Scenario:

- Support: 3820.80, 3833.88

- Resistance: 3887.47, 3890.15

In a range-bound scenario, ETH might consolidate between the support levels at 3820.80 and 3833.88, and the resistance levels at 3887.47 and 3890.15. Traders could look to buy near the support and sell near the resistance to capitalize on short-term price fluctuations. However, any breakout from this range could signal a new trend.

=> Bullish Outlook: 🐂

- Immediate Resistance: 3887.47, 3890.15

- Major Resistance: 3950.00 (psychological level)

- Target: 4100.00 - 4200.00 (new highs)

In a bullish scenario, breaking above the immediate resistance levels of 3887.47 and 3890.15 could lead ETH towards the major psychological resistance at 3950.00. Continued buying momentum could push the price into new highs, with targets ranging between 4100.00 and 4200.00. 🚀

=> Bearish Outlook: 🐻

- Immediate Support: 3820.80, 3833.88

- Major Support: 3750.00, 3700.00

- Target: 3600.00 (previous low)

Conversely, if ETH drops below the immediate support levels of 3820.80 or 3833.88, it could trigger a bearish momentum, potentially testing major support levels at 3750.00 and 3700.00. Sustained selling pressure could drag the price down to the previous low of 3600.00. 📉

Remember, in the volatile world of cryptocurrencies, risk management is crucial. Employing sensible stop-losses, taking partial profits, and sticking to a well-defined trading plan can help navigate the market's wild swings.

Stay tuned for further updates and potential price movements in the ETH/USDT pair! 📊🚀