For ETH/USDT, here’s a look at where resistance might come into play:
1. 15-Minute Chart:
The first hurdle is right around $2,720, which was the latest peak before a slight dip. If the price can break above that, it could pave the way for further gains.
Should it push past $2,720, keep an eye on the next resistance zone between $2,750 and $2,760, based on previous market behavior.
2. 4-Hour Chart:
On the 4-hour timeframe, a key resistance level sits at $2,875, which corresponds to a high reached back in August 2024. Clearing this level could point to a more robust bullish trend.
If ETH manages to climb past $2,875, the next area to watch would be around $3,000, as it’s a significant psychological barrier where some selling pressure could emerge.
Keeping track of these levels can give you a sense of whether the current upward trend is set to continue or if it’s at risk of hitting a ceiling.
