$ETH /USDT Market Update
Current Price: $2,690.85 (-2.90%)
Ethereum has seen a significant drop from its recent high of $2,792.28, now trading just above $2,690.
Resistance: The immediate resistance is at $2,735.58. A break above this level could push ETH towards $2,750 and $2,780.
Support: Key support is at $2,671.59. A drop below this could lead to further declines, possibly testing $2,650 and $2,630.
Trading Strategy:
- Long Trade: Enter above $2,735.58, targeting $2,750 and $2,780 with a stop-loss at $2,670.
- Short Trade: Enter below $2,670, targeting $2,650 and $2,630 with a stop-loss at $2,735.
