$ETH $ETH $ETH

✅ETH/USDT, currently trading at $3,128.91 (+2.17%), here’s a technical analysis highlighting key levels and strategies:

Key Levels:

  1. Resistance Levels:

    • $3,165.00: Immediate resistance (24h high).

    • $3,318.48: Major resistance; a breakout here would confirm strong bullish momentum.

  2. Support Levels:

    • $3,014.50: Immediate support (24h low).

    • $3,000.02: Critical psychological support.

Indicators:

  • Moving Averages:

    • MA(5): $3,127.65 (price is in line with the short-term trend).

    • MA(10): $3,106.18 (provides a lower support baseline).

    • MA(20): Higher timeframe stability at $3,000.

  • Volume:

    • ETH Vol: 514,131.68 ETH

    • USDT Vol: $1.58B
      Healthy volumes indicate strong interest and liquidity in ETH trading.

  • Trend:

    • Short-term bullish trend intact, with higher lows forming on the 4-hour chart.

Trading Plan:

  1. Entry Points:

    • Aggressive Entry: Near the current price of $3,128.91, assuming momentum will push toward $3,165.00.

    • Conservative Entry: Around $3,014.50, taking advantage of any pullbacks to the 24h low.

  2. Take Profit Levels:

    • Target 1: $3,165.00 (24h high).

    • Target 2: $3,250.00 (mid-level resistance from Fibonacci extensions).

    • Extended Target: $3,318.48 (major resistance).

  3. Stop-Loss:

    • Place at $3,000.02, below the critical psychological support, to minimize risk.

Observations:

  • Bullish Momentum: Gains of 2.17% indicate steady upward pressure.

  • Breakout Watch: A move above $3,165.00 could trigger additional buying and test $3,250.00 or higher.

  • Volatility: ETH shows relatively stable movement compared to meme tokens but retains significant upside potential during market rallies. 💥I am not financial advisor 💥

  • #ETHETFsApproved #NextMarketMoves #Binance240MUsers #ETH🔥🔥🔥🔥 #USUALonLaunchpool&Pre-Market