Target Achieved! šÆ
Trading Pair: $ETH /USDT
Current Price: $3,412.89 (+5.73%)
Ethereum is showcasing bullish momentum, testing key resistance levels. Here's the breakdown of current and upcoming targets:
Key Levels:
1. Target 1 (Achieved): $3,450
Recently tested resistance, with price showing signs of consolidation.
2. Target 2 (Next Up): $3,520
A breakout above this level could push ETH further towards key resistance.
3. Target 3 (Final Resistance): $3,600
A major level to watch, marking a psychological and technical barrier.
Action Plan:
Short-Term Traders: Consider partial profit booking near $3,450 while monitoring for breakout signs.
Long-Term Investors: Hold positions and trail stop-loss to secure profits.
Technical Indicators:
Support Zone: $3,400
Resistance Zone: $3,520-$3,600
Ethereum's strength is evident with its steady upward movement. A breakout above $3,520 could lead to new highs, while a breakdown below $3,400 might trigger a retest of lower supports.
