đ¨ $ETH /USDT BREAKOUT WATCH: CRUCIAL LEVELS TO EYE NOW! đ¨
The ETH/USDT pair is showing serious volatility as it tests key levels. After a strong surge, price is now hovering around $2,691.71 USDT, pushing against major resistance at $2,721.00 USDT. This marks a potential breakout point, but also a zone of caution.
đ Critical Levels to Watch:
⢠Resistance: $2,721.00 USDT â A clear breakout above this could lead ETH to the next target of $2,780.00 USDT, opening the door for a bullish run.
⢠Support: $2,635.54 USDT â If ETH reverses, expect a retest of this level, with a further drop towards $2,590.00 USDT if the pressure mounts.
Entry Strategies:
⢠Long Entry: Above $2,721.00 USDT with a target of $2,780.00 USDT. Set a stop loss below $2,660.00 USDT to protect against downside risks.
⢠Short Entry: If ETH rejects at $2,721.00 USDT, short down to $2,635.00 USDT with a stop loss just above $2,725.00 USDT to minimize losses in case of a sudden breakout.
đĄ Pro Tip: Keep an eye on volume surges, which will confirm momentum behind either a breakout or a rejection!
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