🚀Current Price: $3,675.79 (+0.21%)
Perpetual Futures (ETHUSDT): $3,673.23 (+0.19%)
Ethereum is making waves! On January 3rd, ETH shattered the critical resistance zone at $3,552, signaling the end of its accumulation phase. The breakout marks a significant bullish trend reversal, supported by robust price action and strong market momentum.
🔥 Key Levels to Watch:
Immediate Resistance: $3,825 – A test of this level could confirm ETH’s upward trajectory.
Major Resistance Zone: $4,060 – This peak, last seen on December 4th, aligns with a key structural level tested earlier in May 2024.
Support Zone: $3,552 – Holding firm, this zone provides a strong base for further upward momentum.
🌟 Market Analysis:
Ethereum's price surge suggests bullish dominance, driven by increasing volume and positive sentiment.
The $3,825 resistance zone is a pivotal hurdle; breaking it could lead to a rally towards $4,060.
Traders should watch for potential profit-taking near the $4,060 mark, but a breakout beyond this could open doors to even higher targets.
🛠️ Actionable Insights:
1. For Long Positions:
Entry: $3,670–$3,700
Targets: $3,825, $4,000, $4,060
Stop Loss: $3,550
2. For Short Positions (Caution!):
Entry: $3,825–$3,850
Targets: $3,700, $3,600
Stop Loss: $3,900
🚨 Pro Tip:
Keep a close eye on BTC and BNB for correlated breakout patterns. ETH could follow their lead into new highs if overall market sentiment remains bullish!
❤️ Support This Analysis: If you find this helpful for your trading journey, give it a like, share, or comment below! Let’s conquer the markets together.
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