🚨 $ETH ETH/USDT STRUGGLES NEAR RESISTANCE: Is a Reversal Coming? 🚨
Ethereum (ETH) is currently trading at $3,615.03, down -2.26% after hitting a local high of $3,760.00. The price appears to be testing key resistance levels, with traders closely monitoring for a potential breakout or pullback.
💡 Key Levels to Watch:
Resistance: $3,760.00 – A strong breakout above this level could drive ETH toward $3,900 or even $4,000.
Support: $3,290.49 – If ETH fails to maintain its current level, a retracement to this critical zone could follow.
📉 Bearish Scenario: If ETH loses momentum and breaks below $3,290, further downside toward $2,746 may occur.
🚀 Bullish Scenario: A breakout above $3,760 could reignite bullish momentum, targeting new highs at $3,900 and beyond.
💡 Trading Tip: Keep an eye on trading volumes and RSI for potential overbought signals. Manage your risk with tight stop-losses to navigate this volatile market effectively!