💦ETH/USDT currently at $3,030.50, here are potential key levels, targets, and stop-loss recommendations based on recent trading data:
Key Resistance (Upside Targets)
$3,058.77 - The 24-hour high, marking a critical short-term resistance. A breakout here could signal further upward momentum.
$3,068.50 - Another nearby resistance level, representing a potential next target in an upward trend.
Key Support (Downside Levels)
$2,997.17 - Immediate support level just below the current price; this could act as a minor support on any retracement.
$2,925.85 - A lower support level where price could stabilize if it declines further.
$2,890.04 - The 24-hour low, representing a more significant support level. If price approaches here, a stronger bounce may occur.
$2,854.52 - Long-term support level; a potential key area to monitor for more significant downside movement.
Suggested Stop-Loss
A stop-loss around $2,925.85 or just below the $2,890.04 level could minimize risk in case of a downturn. A tighter stop around $2,997.17 could also be considered to protect against short-term losses while maintaining close proximity to current price action.
This strategy aims to balance potential gains with controlled downside risk, especially in case of high volatility.
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