š $ETH /USDT: STRONG UPTREND CONTINUES WITH 3.36% GAIN! šš
The $ETH /USDT pair is currently trading at $3,462.05, marking a notable 3.36% increase in the last 24 hours. The 24-hour chart shows a high of $3,509.99 and a low of $3,323.03, with significant trading volume of 320,716.78 ETH and 1.10B USDT. The latest price movement is down slightly by $0.46 (-0.01%), suggesting a minor correction and a potential entry point for traders.
š Market Conditions:
The overall market sentiment is bullish, with strong buying pressure and solid support levels. The price has broken above key resistance points, indicating a continued upward trajectory. This slight pullback provides a potential opportunity for traders to enter at a lower price.
š High Probability Trade Scenarios:
- **Bullish Scenario:** If the price moves above $3,470.00, it could target the next resistance at $3,500.00. **Take Profit (TP):** $3,500.00, **Stop Loss (SL):** $3,440.00.
- **Bearish Scenario:** If the price fails to sustain above $3,450.00, it may retest the $3,430.00 support. **Take Profit (TP):** $3,430.00, **Stop Loss (SL):** $3,470.00.
š Market Outlook:
The bullish momentum is expected to continue, with the price likely to test higher resistance levels. Traders should monitor key price points and trading volumes closely to gauge the trend's strength. The next few sessions will be crucial in determining market direction.
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