đ¨ $ETHFI /USDT ON THE EDGE OF A BREAKOUT â KEY LEVELS TO WATCH! đ¨
The ETHFI/USDT pair is showing signs of significant momentum as it hovers near $1.66 on the 4-hour chart. A strong ascending trendline is forming solid support, hinting at a possible breakout or a steep decline based on market movement.
đĄ Critical Support and Resistance Levels:
⢠Support: $1.60 USDT â This is the key level holding the price from slipping further. A breakdown here may lead to a dip toward $1.50 USDT.
⢠Resistance: $1.70 USDT â A clean breakout above this level could push the price toward $1.90 USDT in the near term.
đ Short-Term Strategy:
⢠Short Entry: Below $1.60 USDT with a stop-loss at $1.65 USDT.
⢠Target: $1.50 USDT.
đ Long-Term Strategy:
⢠Long Entry: Above $1.70 USDT with a stop-loss at $1.65 USDT.
⢠Target: $1.90 USDT and beyond.
The chart indicates building pressure, so traders should be ready for either a breakout or a pullback. Keep your stop losses tight and watch these levels closely!
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