Technical Analysis: Ethereum $ETH ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

/USDT

Ethereum is currently trading at $2,633.80, and as we analyze the charts, we can identify key levels that traders should monitor for potential movement.

Current Price: $2,633.80

24h Change: +4.14%

24h High: $2,638.80

24h Low: $2,488.00

Target Levels ๐ŸŽฏ

1. First Target: $2,650

This level acts as a psychological barrier and a previous resistance point. A breakout above $2,650 could lead to further upward momentum.

2. Second Target: $2,700

Positioned just above the first target, $2,700 has historically been a strong resistance area. If ETH can maintain its upward trajectory, this target may be within reach in the coming days.

3. Third Target: $2,800

The $2,800 level is significant as it aligns with broader market trends and Fibonacci retracement levels. A decisive move above this point would indicate bullish sentiment and could attract more buyers into the market.

Market Insights:

The recent price action suggests that Ethereum is gaining strength. Traders should keep an eye on volume and market sentiment, as these factors will play a crucial role in reaching these target levels.

Risk Management: As always, implement proper risk management strategies to safeguard your investments.

Stay informed and trade wisely!

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