$ETH /USDT Technical Analysis & Trade Signal
$ETH /USDT is currently trading at $3,907.81, showing bullish momentum after bouncing from the $3,825.03 low. The price is testing resistance near the $3,920.00 level, indicating a potential breakout.
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Entry Zone: $3,900 - $3,920
Targets:
1. $3,950 - Immediate resistance level.
2. $4,000 - Key psychological resistance.
3. $4,050 - Extended bullish breakout target.
Stop Loss: Below $3,870 (support zone).
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Analysis Insights:
ETH is holding above key support levels and forming higher lows, signaling bullish strength.
A breakout above $3,920 with increasing volume could push the price toward $4,000 and beyond.
Monitor volume closely to confirm sustained upward momentum.
Use a stop loss at $3,870 to mitigate risk during short-term retracements.