The $ETH/USDT pair is trading on the 15-minute time frame, with the current price sitting at 2,513.81 USDT.
It’s approaching a crucial resistance level of 2,520.56 USDT, where a breakout could lead to further upward movement.
If Ethereum successfully breaches this resistance, it could target three close-range profit levels to minimize risk while capturing gains: TP1 at 2,530 USDT, TP2 at 2,540 USDT, and TP3 at 2,550 USDT.
For an entry position, a buy around 2,510 USDT would be ideal to capitalize on momentum. However, if the price faces a pullback, there’s a key support level at 2,481.68 USDT, which buyers will need to hold to maintain the bullish outlook.
A stop-loss at 2,480 USDT is suggested to manage downside risk and protect against a potential reversal. Traders are advised to watch the MACD and RSI indicators for confirmation, as they provide additional insights into momentum and potential price reversals.
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