$ETH/USDT: Navigating Key Levels with Confidence!

📉 Current Price: $3,417.18 (+5.43%)

Ethereum's price action reveals a critical battle near the $3,400 support level, following a rejection from $3,555 resistance. The Bollinger Bands show reduced volatility, with the price consolidating near the lower band—signaling a potential reversal or continuation.

🔑 Key Levels to Watch:

Resistance: $3,555 (short-term), $3,600 (long-term breakout level).

Support: $3,400 (immediate), $3,206 (key breakdown zone).

📊 Trading Strategy:

1️⃣ Short-Term Opportunity:

Entry (Long): $3,420 (upon confirmation of support).

Stop Loss: $3,390 (below support).

Target: $3,500–$3,555.

2️⃣ Long-Term Perspective:

Entry (Long): Above $3,555 (clear breakout).

Stop Loss: $3,500 (to minimize risk).

Target: $3,600–$3,700.

For shorting, wait for a confirmed breakdown below $3,400 with strong volume.

⚠️ Pro Tip:

Secure partial profits at $3,500 in the short-term and trail your stop loss to maximize gains. Watch for a decisive breakout or breakdown to adapt your strategy.

#ETH #CryptoTrading #TradingSignals #write2earn #MarketPullback

$ETH

$BTC