$ETH $ETH

ETH/USD at $3859: Key Levels and Trading Insights

Ethereum (ETH) is trading at $3859, a critical price point that could determine its next major move. With its dominant role in the DeFi space and continued development, ETH remains a strong contender in the cryptocurrency market.

Support Levels: The immediate support is at $3800, followed by a stronger base at $3700. These zones provide potential entry points for those looking to buy the dip.

Resistance Levels: On the upside, resistance lies at $3900 and $4000. A decisive breakout above these levels could signal a bullish continuation and lead to new highs.

Entry Strategy:

Range Trading: Look for buying opportunities near $3800, with targets around $3900, and place stop-loss orders below $3700.

Breakout Strategy: A confirmed move above $3900, supported by increased volume, could lead to a push toward $4000 or higher.

With Ethereum’s ongoing innovation and its role in decentralized applications, the $3859 level could be a springboard for further gains. Stay vigilant, adjust your strategy as needed, and ensure proper risk management.

Effective trading is all about aligning with market trends, staying disciplined, and managing risk wisely.

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