ETH/USD Analysis: Key Levels to Watch for Trade Setups
Currently trading at $2,402.50, ETH/USD is positioned just above crucial support at $2,350, with resistance forming at $2,470. The market is in a consolidation phase, signaling that a breakout could be on the horizon. A break above $2,470 could ignite bullish momentum, driving Ethereum towards the next target at $2,550, offering a prime entry point for traders seeking upside potential.
On the flip side, a bounce from $2,350 could present a strong buy opportunity for those looking to capitalize on short-term gains. With the RSI in neutral territory and moderate volume, the market is poised for movement. Stay alert for any breakouts or volume spikes to confirm direction and optimize your trading strategy!
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