🚀 $ETH /USD: APPROACHING RESISTANCE – WILL THE BULLS PREVAIL? ⚡
The $ETH /USD pair is currently trading at $3,359, moving toward a critical resistance level. Traders should stay vigilant as the market could be setting up for a major breakout or retracement.
📊 Trade Scenarios:
Entry Point: $3,359
Take Profit (TP) 1: $3,400
Take Profit (TP 2): $3,500
Take Profit (TP 3): $3,600
Stop Loss (SL): $3,250
Support is at $3,250, while resistance is at $3,400. A breakout above $3,400 could open the door for further upside toward $3,500 and $3,600. A drop below $3,250 may suggest a bearish retracement.
📉 Market Outlook:
Ethereum is eyeing resistance at $3,400. If the price breaks above this level, it could confirm a strong bullish trend. However, failure to break through could see the price retreat to test support at $3,250.
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