$ETH /USDT Technical Analysis & Market Update
Current Price: $2,524.72 (+3.71%)
Ethereum has shown a strong upward momentum, approaching a significant resistance level.
Resistance: The primary resistance stands at $2,554.60. A break above this level could push the price towards $2,600.
Support: Immediate support is found at $2,514.87. A decline below this point might lead to a retest of $2,429.14.
Trading Strategy:
- Long Trade: Enter above $2,554.60, targeting $2,600 with a stop-loss at $2,514.87.
- Short Trade: Enter below $2,514.87, targeting $2,429.14 with a stop-loss at $2,554.60.
