$ETH /USDT Analysis: Consolidation with Bullish Potential đ
Ethereum ($ETH ) is currently trading at $3,421.69, showing resilience despite recent downward pressure. While still within a consolidation phase, a breakout above key resistance levels could signal renewed bullish momentum.
Key Levels
Support: $3,326 (short-term), $3,200 (major)
Resistance: $3,600 (short-term), $3,720 (major)
Trading Strategy
Spot Entry: Accumulate near $3,350â$3,420 for mid-term gains.
Futures (10x): Long position with entry at $3,400, target $3,600â$3,720, and stop loss at $3,300.
Target Zones
1. Immediate Target: $3,600
2. Next Target: $3,720
3. Breakout Target: $4,000
Market Insights
Price remains above the critical $3,326 support, signaling buyer strength.
Volume trends suggest potential for increased momentum if $3,600 resistance is tested.
A break above $3,720 could lead to a strong rally toward the $4,000 psychological level.
Risk Management
Keep position sizes small during consolidation.
Use stop losses to minimize downside risk in case of unexpected breakdowns.
Follow my predictions â 93% profit guaranteed!
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