đ $ETH /USDT IN CRUCIAL CHANNEL â ARE YOU READY TO TRADE THIS SETUP? đ
The ETH/USDT chart on the 4-hour timeframe shows a solid upward channel, with price currently trading at $2716.98. The upward momentum is strong, but thereâs clear resistance near the upper trendline around $2769, which aligns with the recent 24h high. Expect significant movement if ETH breaks or rejects this level.
đ Resistance Levels:
âą Major Resistance: $2769 â A breakout above this level could send ETH flying toward $2850, setting the stage for a bullish rally.
đ Support Levels:
âą Support Zone: $2642 â If ETH retraces, this support holds the key. A break below could see the price dipping to $2500.
đš Long Entry Strategy:
âą Enter long on a breakout above $2769 with a target of $2850. Place a Stop Loss at $2710 to limit downside risk.
â ïž Short Entry Strategy:
âą If price fails to hold above $2769 and reverses, short below $2642, targeting $2500. Keep a Stop Loss at $2700 for protection.
Get ready for this high-volatility move! Both bulls and bears should keep their triggers ready. đ„
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