$ETH /USDT Trading Signal - Support Holds Amid Pullback

The $ETH/USDT pair is trading at $3,322.39 (-1.71%), rebounding slightly after testing the key support zone at $3,208. A potential recovery may be forming as the price consolidates near this level.

Suggested Entry Zone:

Consider entries within the range of $3,300 - $3,350, as the price stabilizes after the sharp drop.

Target Levels:

Target 1: $3,400

Target 2: $3,500

Stop Loss:

Place a stop loss below $3,200, to manage potential downside risks.

Market Observation:

The 1-hour chart reveals that $3,208 acted as a strong support level, with buyers stepping in to halt further declines. A sustained move above $3,350 could signal a short-term recovery toward $3,500. Watch for increasing volume to validate the reversal.

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