$ETH /USDT Analysis: Bullish Breakout in Sight
$ETH is currently trading at $3,543.71, up 3.93% in the last 24 hours. Ethereum is showing strong upward momentum, with buyers driving the price toward key resistance levels.
---
Key Levels to Watch
Support: $3,480 – Holding above this level sustains bullish sentiment.
Resistance: $3,600 – A breakout here could lead to higher targets.
---
Trade Setup
Entry Point: Around $3,540 for long positions.
Targets:
1. $3,620 (short-term)
2. $3,750 (next target)
---
Risk Management
Stop-loss: $3,450 – To limit potential downside.
---
Analysis
Ethereum is gaining strength as it approaches resistance at $3,600. If it breaks through this level, a rally toward $3,750 could materialize. Keep an eye on volume surges to validate the upward trend and secure partial profits at key levels to optimize gains.
