đ $ETH Targets Set: Is Ethereum Ready for the Next Surge? đŻâĄ
Ethereum ($ETH /USDT) is showing bullish momentum, currently trading at $2,471.33, with a 0.51% increase over the past 24 hours. The price action hints at a breakout as $ETH hovers near key resistance levels. With the moving averages trending positivelyâMA7 at $2,471.97, MA25 at $2,454.39, and MA99 at $2,424.23âEthereum looks primed for a potential move upward.
đŻ Key Targets to Monitor:
1. Target 1: $2,490 â Short-term resistance level. A push above this could spark a rally.
2. Target 2: $2,515 â Breaking this would open the way for ETH to gain significant momentum.
3. Target 3: $2,550 â A long-term target that could become reality if bullish sentiment holds strong.
đ Market Outlook:
With the 24-hour high reaching $2,486.75, Ethereum has shown the strength needed to test upper limits. If it maintains support above $2,434.22, a continued rally could be on the cards. However, traders should watch for possible consolidation near current levels before making aggressive moves.
đĄ Trading Strategy:
A breakout above $2,490 offers an entry for long trades, aiming for $2,515 and $2,550. Use $2,434 as a stop-loss to manage risk effectively. If prices consolidate, it may present an opportunity for those looking to enter at a discount before the next leg up.
Ethereumâs performance is always a bellwether for the broader crypto market, so stay sharp and seize the opportunity while ETH shows strength!
