The $ETH /USDT chart shows a significant bullish movement, with the price rising from $2,252.39 to a high of $2,571.93, reflecting a 4.55% gain in the last 24 hours. This sharp rise in price indicates strong buying pressure and growing market interest in Ethereum. The price is currently sitting at $2,543.47, slightly below the recent high, suggesting some profit-taking by traders, but the overall trend remains positive.

The key resistance level to watch is $2,571.93, the recent high. A confirmed breakout above this resistance, supported by strong buying volume, could lead to further gains, potentially pushing ETH toward the next psychological level at $2,600. On the downside, the nearest support is located around $2,470.74, where the price may find stability if a pullback occurs. If this support level holds, it could provide a solid foundation for the next upward push.

Traders looking to enter a long position should wait for a breakout above $2,571.93 for confirmation of continued bullish momentum. Alternatively, a pullback to the $2,470.74 support level could provide a better risk/reward entry point. In both cases, stop-losses should be placed below the key support levels to manage downside risk in case of sudden market reversals or increased volatility. The current trend indicates a bullish sentiment, but caution should be exercised with the possibility of short-term retracements.

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