🚨 $ETH /USDT: Testing Support Amid Bearish Momentum 🚨
$ETH is trading at $3,239.04, down -3.57% in the last 24 hours. After reaching a high of $3,403.00, Ethereum faced selling pressure, bringing it close to its 24-hour low of $3,216.97.
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📊 Market Highlights:
24-Hour High: $3,403.00
24-Hour Low: $3,216.97
Volume: 388,428 ETH, with $1.29B USDT traded, indicating robust activity despite the pullback.
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🔍 Key Levels to Watch:
Support: $3,216.97 – Crucial for avoiding further decline.
Resistance: $3,280.91 – A reclaim could signal recovery.
Next Move: A breakout above $3,354.95 could reignite bullish momentum.
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📈 Trade Setup:
Monitor for a bounce at $3,216 or a break below to reassess positions.
If $3,280 is reclaimed, $ETH could target $3,400 again in the short term.
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💡 Pro Tip:
Ethereum remains a leading Layer 1 platform with strong fundamentals. While short-term volatility persists, long-term prospects remain solid for investors focusing on DeFi and smart contract growth.
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