šØ $ETH
/USDT Technical Analysis - Price Action Update šØ
Ethereum (ETH) has been showing solid price action recently, with a 24h price change of +4.49%. As we move forward, there are three critical targets to watch for ETH/USDT in the short to mid-term:
š¹ Target 1: $3,485.50 (Near-term Resistance)
ETH is currently testing the 24h high of $3,485.50, which could act as a resistance level. A strong close above this price would signal bullish momentum and could lead to higher price action.
š¹ Target 2: $3,252.00 (Key Support Level)
On the downside, $3,252.00 remains a strong support level. If ETH faces any short-term pullback, this price point will likely hold as a floor, providing an opportunity for potential rebounds.
š¹ Target 3: $3,600.00 (Potential Bullish Breakout)
If ETH successfully breaks above the $3,485.50 resistance, $3,600.00 could be the next significant target. This level aligns with the current bullish sentiment and could mark the next leg of the rally.
š” Key Takeaway: Keep an eye on the support and resistance levels to make informed trading decisions. A break above $3,485.50 could open the path to $3,600. However, a drop below $3,252.00 might bring ETH to retest lower support levels.
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