$ETH /USDT Technical Analysis & Market Update
Current Price: $2,532.45 (+1.66%)
ETH has shown an upward movement, reaching near the resistance level.
Resistance: The key resistance is at $2,554.60. A break above this level could lead to further gains towards $2,590.
Support: Immediate support is at $2,523.44. A drop below this level may lead to a retest of $2,456.19.
Trading Strategy:
- Long Trade: Enter above $2,554.60, targeting $2,590 with a stop-loss at $2,523.44.
- Short Trade: Enter below $2,523.44, targeting $2,456.19 with a stop-loss at $2,554.60.
