Ethereum (ETH/USDT) Technical Analysis – Eyes on Key Targets 🎯
Current Price: $3,103.84 (-0.71%)
Ethereum is holding above the $3,100 support zone, showing mixed momentum. Let’s dive into the technical outlook and identify three key price targets:
1️⃣ Target: $3,150 (Resistance Level)
ETH needs to break through the $3,150 resistance for any bullish continuation. A successful breakout here could signal buyer strength and push the price toward the next key target.
Scenario: If volume increases, we might see ETH moving toward higher highs.
2️⃣ Target: $3,065 (Support Zone)
If the price drops, $3,065 acts as a crucial support level. Holding this zone could attract buyers, stabilizing ETH’s price.
Scenario: Failure to hold might lead to further dips, opening opportunities for short-sellers.
3️⃣ Target: $3,250 (Bullish Extension)
If ETH maintains bullish momentum above $3,150, the next significant target is $3,250. This level represents a key Fibonacci extension and psychological resistance.
Scenario: A breach here could indicate a strong upward trend, drawing significant investor interest.
Trading Strategy:
For Buyers: Look for entries near $3,065 with a stop loss below $3,050. Target $3,150 and $3,250 for potential profits.
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