$ETH Update: Ethereum has hit a major daily resistance zone and is showing respect on lower time frames. For the bullish rally to continue, ETH must break this key zone.

$ETH /USDT Analysis 📈

🔥 Key Resistance Zone:
ETH is trading well above an important daily support zone but is struggling to break the 3550 level, which is acting as a significant resistance. This zone has consistently rejected price attempts, showing strong seller activity. 💎

📉 Bullish Outlook:

Market Structure: On higher timeframes, ETH is showing strength with higher lows, signaling potential bullish momentum. 📊

A breakout above 3550 would invalidate the resistance and could lead to an explosive move higher! 🚀

🎯 Targets:
Short-term: A breakout could push ETH to the 3600–3650 range.
🤑Long-term: Sustained bullish pressure might take ETH toward 3800 or even higher levels. 🌕

🔍 Market Context:
Look for bullish confirmations like strong green candles or volume spikes near the resistance zone. 💹
Beware of fakeouts, especially during periods of high volatility. ⚠️

💡 Trading Tip:
Breakout Entry: Enter after a confirmed close above 3550, ensuring strong volume backs the move. 📈
Pullback Opportunity: If rejected, watch for support around 3450–3500 for a better entry. 📉

Always use stop-loss orders to protect your capital! 🛡️

(This is my analysis. Always DYOR! 🤝)

#ETH #ETHAnalysis
$ETH