$ETH /USDT: Ethereum Gains Momentum

Ethereum (ETH) is trading at $3,778, marking a +5.53% increase over the past 24 hours, signaling renewed bullish momentum.

Key Metrics

24h High: $3,853.38

24h Low: $3,538.55

24h Volume (ETH): 833,824.45 ETH

24h Volume (USDT): $3.09B

Technical Levels

Resistance Levels: $3,777.99, $3,853.38, $3,871.05

Support Levels: $3,741.48, $3,611.90, $3,538.55

Market Analysis

Upside Potential: Breaking above $3,853.38 could push ETH toward the next resistance level at $3,871.05, strengthening its upward trajectory.

Downside Risk: A dip below $3,741.48 may open the path to retest $3,611.90 or lower at $3,538.55.

Trading Strategy

For Buyers: Consider entries near $3,778, targeting $3,853.38 with a stop-loss around $3,741.48.

For Sellers: Look to short near resistance levels, especially around $3,853.38, with stops above $3,871.05.

Sentiment Overview

Ethereum’s substantial volume and recent price increase indicate strong buying interest. The asset is showing bullish momentum, but traders should remain cautious of potential profit-taking near resistance levels.

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