$ETH /USDT Technical Analysis
Current Market Structure:
ETH/USDT is currently showing a bullish momentum with a recent price surge. The price is trading above the 24-hour low and 24-hour high, indicating a potential uptrend.
Trade Entry Levels:
Long Entry: Consider a long entry around the 3,363.62 level with a stop-loss at 3,014.50.
Short Entry: A short entry could be considered at the 3,386.73 level with a stop-loss at 3,405.35.
Target Levels:
Long Target: Aim for a target of 3,268.86.
Short Target: A short target can be set at 3,363.62.
Market Outlook:
The current bullish pattern suggests a potential continuation of the uptrend in the short term. However, it's important to monitor the market closely for any signs of reversal.
Leverage:
Use of leverage can amplify both profits and losses. Exercise caution and manage risk appropriately.