đš ETH/USDT ALERT: MAJOR MOVE BREWING â WATCH CLOSELY! đš
Ethereum is trading at $3,561.67, down 1.72%, after hitting a 24-hour high of $3,642.19. The price is approaching critical levels, suggesting that ETH is gearing up for either a breakout rally or a significant pullback.
đĄ Key Levels to Watch:
Resistance: $3,642 â A breakout above this level could trigger a surge toward $3,800, $3,900, and possibly $4,070.
Support: $3,529 â Holding above this level is crucial. A drop below could push ETH toward $3,400 and $3,250.
â ïž What Traders Should Do:
For Long Positions:
Enter on a confirmed breakout above $3,642, targeting $3,800, $3,900, and $4,070.
Place a stop loss below $3,500 to manage risk.
For Short Positions:
Enter if ETH breaks below $3,529, with downside targets at $3,400 and $3,250.
Set a stop loss above $3,600 to limit losses.
đ Market Sentiment:
Ethereum's recent upward momentum is strong, but caution is warranted as the price consolidates near key resistance. Monitor volume and price action closely to confirm the next big move. Stay disciplined and trade smart!
