$ETH
đ ETH/USDT Technical Analysis â Ethereum Pushing Higher! đ
Ethereum (ETH) is currently trading at $3,670.50, showing strong upward momentum as it continues to carve out its path toward new highs. Letâs take a closer look at the key technical levels to watch:
đ Resistance Zone:
The immediate resistance is at $3,750, a critical level where selling pressure could emerge. A breakout above this level could drive ETH toward $4,000 and beyond, signaling a continuation of the bullish trend.
đ Support Zone:
Support is found around $3,550, a key level where buying interest has been significant. A dip below this support could push ETH to test the next support at $3,400, which is another important level for the bulls to defend.
đĄ Entry Strategy:
Pullback Entry: Look for buying opportunities near $3,550, with a target of $3,750 resistance.
Breakout Trade: A solid breakout above $3,750 could offer an entry with a target of $4,000 or higher.
đ Momentum & Volume:
ETH is showing strong momentum with increasing volume, suggesting that the bullish trend is likely to continue. Watch for signs of exhaustion near key resistance levels.
đ„ Pro Tip: As Ethereum approaches critical levels, risk management is crucial. Ensure youâre monitoring volume and price action closely to confirm breakouts or reversals.
Will Ethereum continue its push toward $4,000, or will resistance take hold at $3,750? Keep a close eye on these levels! đ
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