๐จ $ETH ETH/USDT Analysis: Testing Key Levels! ๐จ
is trading at 3,569.01, showing a slight dip of -1.64% today. After reaching a high of 3,684.92, Ethereum is consolidating. Will it break higher or face a pullback? Letโs analyze the key levels to watch.
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๐ Key Levels:
๐ Resistance Zones:
3,684.92: Immediate resistance. A breakout here could propel ETH toward the 3,750+ zone.
3,753.67: Major resistance that might attract strong selling pressure.
๐ Support Levels:
3,249.53: Key support to hold the bullish structure.
3,000.00: Psychological support level and a re-entry point for buyers.
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๐ก Potential Scenarios:
1๏ธโฃ Bullish Case:
If ETH reclaims 3,684.92, expect a strong move toward 3,750 and beyond.
Increasing volume will confirm a breakout.
2๏ธโฃ Bearish Case:
A failure to hold above 3,500 could trigger a pullback to the 3,250โ3,300 zone.
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โ ๏ธ Pro Tip:
Monitor Bitcoinโs movement as it heavily influences ETH.
Use tight stop-loss levels near 3,500 to manage risk.
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Ethereum remains a key player in the crypto market with bullish sentiment intact. Are you holding or waiting for the breakout?