$ETH /USD Analysis: Approaching Critical Resistance

Current Price: $3,598

24H Change: +2.74%

$ETH /USD is trading at $3,598, continuing its upward trajectory and nearing key resistance levels. The strong momentum reflects growing buyer interest, with the potential to test higher targets in the short term.

Key Levels to Watch

Resistance:

$3,620 – Immediate resistance. A breakout could pave the way for further bullish movement.

$3,700 – Major resistance, marking a significant level for continued upward momentum.

Support:

$3,550 – Immediate support. Holding above this level is essential to maintain the bullish trend.

$3,480 – Stronger support, providing stability in case of a pullback.

Market Insights

$ETH/USD is gearing up to test the $3,620 resistance level. A successful breakout could see the price targeting $3,700 and beyond. However, a failure to maintain support at $3,550 might lead to a retracement toward $3,480. Traders should stay alert for breakout confirmations or signs of consolidation.

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