$ETH just bounced off its support level, showing some strong signs of a potential upward move! 💥 This could be the start of a new rally, but keep an eye on resistance levels—that’s where the next challenge will be.

$ETH /USDT Analysis 🛠️📉

Here’s an updated view on ETH/USDT:

Sideways Market 🌀

ETH/USDT has been trading in a sideways range over the past few days on the 1-hour timeframe. The price has been oscillating between minor support and resistance, making it a range-bound market.

Current Level 🔴
The price is currently near the minor support level. Watch for potential bounces or breakdowns.

Safe Trading Approach ⚖️

Wait for Confirmation: If you're looking for a safer trade, wait for the price to either break above the resistance or retest the support level before making an entry.

Range-Bound Strategy: In this type of market, consider buying near support and selling near resistance for short-term moves.

ETH Daily Zones 📅
As mentioned in my previous analysis, ETH has important daily zones that should be watched for broader market direction. Keep these in mind for potential larger trend movements.

Trading Tip ⚡
Be Patient: Sideways markets can be tricky. Wait for clear breakout or breakdown confirmations.

Manage Risk: Always use stop-loss orders to protect against false breakouts or unexpected price swings.

Avoid Over-Leveraging: In range-bound markets, price can often reverse unexpectedly, so trade with caution.

Keep an eye on the market and plan your moves accordingly! 📊 Trade wisely and stay disciplined.

#ETH #Ethereum