#TechnicalAnalys Analysis Report for $ETH /USDT
Ethereum (ETH) is currently trading at $2,254.23, down by 1.54% in the last 24 hours. The price has moved between a high of $2,309.86 and a low of $2,240.94, showing some volatility. This creates opportunities for traders to take advantage of price movements.
The key support level is at $2,240.94. If the price drops below this level, it could lead to further declines. On the other hand, the immediate resistance is at $2,309.86. If Ethereum breaks above this level, it may signal a potential upward trend.
For trading strategies, a long position could be entered at around $2,260.00, with a target of $2,300.00 and a stop loss at $2,230.00. Alternatively, a short position could be considered at $2,240.00, targeting $2,200.00, with a stop loss set at $2,260.00.
With a trading volume of 181,854.39 $ETH in the last 24 hours, there is strong market activity, indicating good liquidity. Traders should keep an eye on the support and resistance levels to make informed decisions in this fluctuating market.
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