$ETH /USDT – Bulls Defend Key Support, Reversal Incoming? 🚀
![](https://bin.bnbstatic.com/image/admin_mgs_image_upload/20201110/3a8c9fe6-2a76-4ace-aa07-415d994de6f0.png)
Ethereum (ETH) is down -2.04%, currently trading at $3,130.80, after testing a 24H high of $3,214.38 and bouncing from $3,040.03. The price is showing signs of consolidation, with buyers stepping in at key levels.
Key Levels to Watch:
🔹 Resistance: $3,159 – A breakout above could push ETH towards $3,200+
🔹 Support: $3,114 – Holding this level is crucial for bullish momentum
Market Insights:
ETH remains in a tight range, with buyers stepping in near $3,040 while sellers defend $3,214.
A break above $3,159 could trigger a rally toward $3,200 - $3,239.
If rejection occurs, $3,114 - $3,069 could serve as a strong demand zone before the next move.
Volume remains high, suggesting active trading and a potential shift in market momentum.
💡 Traders should watch for a confirmed breakout or a retest of support for possible entry opportunities.