$ETH /USDT Trading Signal - Key Entry Levels and Predictions
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Market Overview
Current price: $3,346.82
Timeframe: 4-hour chart
Ethereum is consolidating within a tight range around $3,340 after a notable pullback. Price action suggests a potential for a breakout in either direction, with support and resistance levels well-defined.
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Long Trade Setup
Entry Zone: $3,360 - $3,400
Targets:
Target 1: $3,500
Target 2: $3,650
Target 3: $3,800
Stop Loss: $3,300
Observation: A breakout above $3,400, supported by increasing volume, could trigger a bullish rally. Key resistance zones at $3,500 and $3,650 may act as profit-taking points, with extended upside toward $3,800 if momentum sustains.
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Short Trade Setup
Entry Zone: $3,330 - $3,280
Targets:
Target 1: $3,200
Target 2: $3,100
Stop Loss: $3,400
Observation: A breakdown below $3,300 may indicate bearish continuation, targeting key support levels at $3,200 and $3,100. Watch for bearish confirmation signals like volume spikes and candlestick patterns.
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Market Predictions
Bullish Scenario: Sustained buying above $3,400 could initiate a recovery rally toward $3,650 or higher.
Bearish Scenario: Failure to hold $3,300 could lead to further downside, with $3,200 acting as the next critical support level.
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Trading Advice
Ensure tight risk management with stop losses in place.
Take partial profits at intermediate targets to secure gains.
Monitor Ethereum’s correlation with Bitcoin and broader market sentiment for directional cues.
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