$ETH /USDT: Price and Market Overview

Ethereum (ETH) is currently trading at $3,668.40, showing a -1.32% decrease in the last 24 hours.

Key Metrics

24h High: $3,773.39

24h Low: $3,515.89

24h Volume (ETH): 790,210.45 ETH

24h Volume (USDT): $2.87B

Technical Levels

Resistance Levels: $3,692.26, $3,904.47, $4,116.67

Support Levels: $3,668.40, $3,515.89, $3,480.06

Market Analysis

Price Movement: ETH has experienced a minor pullback, trading near key support levels around $3,668.40.

Volume Insights: A high trading volume of over $2.87 billion indicates strong market activity, despite the price dip.

Resistance Breakout Potential: Reclaiming $3,692.26 could set ETH on a path to test $3,904.47 and higher.

Trading Strategy

For Buyers: Consider entering near $3,668.40 if it holds above support, targeting $3,904.47 and $4,116.67, with a stop-loss below $3,515.89.

For Sellers: Short positions can be taken below $3,668.40, aiming for $3,515.89 or $3,480.06, with stops above $3,692.26.

Sentiment Overview

The sentiment around Ethereum remains cautiously bearish in the short term as it battles resistance levels. However, strong buying near support levels could signal recovery, with a move above $3,692.26 potentially reigniting bullish momentum.

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