$ETH $ETH

📊 ETH/USDT Analysis: Is a Rebound on the Horizon? 📊

ETH is trading around $3,202, holding a modest +1.03% gain in the short term. After hitting a resistance at $3,240, the price has pulled back, now eyeing support near $3,185. This setup is giving traders some exciting opportunities! 🔥

Key Levels to Watch:

Resistance: $3,240 – Sellers stepped in here recently, capping ETH’s upward move.

Support: $3,185 – A critical level where buyers could regain control for a bounce.

Entry Strategy:

Bullish Scenario: Look for a buy if ETH holds above $3,185 support, with a target of $3,240 or higher. Set a tight stop-loss just below support to manage risk.

Bearish Scenario: A break below $3,185 could signal further downside, with potential targets around $3,160 or lower. 📉

With high trading volume backing these moves, ETH is at a crossroads. Will it hold strong, or are we headed lower? Keep a close watch! 👀🚀

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