$ETH /USDT Trading Signal - Consolidation Near Key Levels
Market Overview: ETH/USDT is currently trading at $3,379.91, following a rejection from the $3,428.68 level. The price has retraced to test support near $3,350. Short-term consolidation in this range suggests a potential breakout as bulls aim to regain momentum.
Trading Setup:
Entry Zone (Long): $3,370 - $3,390
Targets:
Target 1 (TP1): $3,420
Target 2 (TP2): $3,460
Stop Loss: Below $3,340
Analysis Highlights:
Support Zone: The $3,350 level is acting as strong intraday support.
Resistance: $3,428 needs to be breached for further bullish momentum.
Trend: Maintaining above $3,350 confirms bullish sentiment for a continuation toward $3,460.
Risk Management: Secure partial profits at TP1, and move your stop loss to breakeven once the price exceeds $3,420 to minimize risk.