đ„ $ETH /USDT Market Update: Ethereum Holds Strong Near $4,000! đ
đ Current Price: Ethereum (ETH) is trading at $3,917.26, reflecting a modest +0.69% gain in the last 24 hours. Itâs inching closer to reclaiming the $4,000 mark, a key psychological level for traders and investors.
đ 24-Hour Performance:
High: $4,025.18
Low: $3,844.40
Volume:
ETH Traded: 450,789.57 ETH
USDT Value: $1.78B
đ Performance Highlights:
1 Day: +0.47%
7 Days: -1.30% (temporary pullback from recent highs)
30 Days: +29.65% (massive recovery and growth)
1 Year: đ +74.61%
Ethereumâs 71.04% surge over 90 days shows its momentum in leading the smart contract ecosystem.
âïž Technical Analysis:
ETH faces resistance at $4,025, with support holding firm near $3,850. Trading volumes remain strong, as indicated by the Volume SMA, suggesting traders are actively positioning for the next move. A confirmed breakout above $4,000 could see ETH targeting $4,200-$4,300.
âš Why Ethereum?
Dominance in DeFi & NFTs: ETH remains the backbone of decentralized finance and the NFT ecosystem.
Layer 2 Growth: Rollups like Arbitrum and Optimism are boosting network scalability.
Institutional Adoption: Smart money continues accumulating ETH, betting on its long-term value.
đŻ Target Zones:
Short-Term: $4,050 - $4,100
Medium-Term: $4,200 - $4,300
Long-Term: Higher highs as demand for Ethereum grows!
đĄ Strategies for Traders:
For Bulls: Accumulate near $3,850 support and ride the wave past $4,000 for potential gains.
For Bears: Watch for a rejection at $4,025; short scalping opportunities could arise below $3,850.
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