🔷 ETH/USDT
🟩 Long
♻️ Leverage 30X
👉 Entry: 3,518.36
🎯 Target Levels:
• 1st Target: 3,534.30
• 2nd Target: 3,550.00
• 3rd Target: 3,570.00
• 4th Target: 3,590.00
⛔ Stop Loss: 3,500.00
Support and Resistance Levels:
• Support Level: 3,500.00 (A strong support level showing recent price rebounds)
• Resistance Level: 3,534.30 (Key resistance level that might see price consolidation)
Market Analysis (Based on 5-Minute Chart):
• Current Price Action: ETH/USDT has shown a +5.27% increase in the last 24 hours, pushing upwards from the low of 3,101.90 to a high of 3,534.30. Price is currently testing resistance near 3,518.36, with a bullish outlook on the 5-minute chart.
• Volume: The 24-hour trading volume of 3.98B USDT shows substantial interest, confirming that Ethereum is actively traded.
• Market Sentiment: Ethereum is in a strong bullish phase after breaking previous resistance levels. Traders are leaning towards long positions, and further upside is expected in the short term.
Market Sentiment Breakdown (Short vs. Long Positions):
• Long Positions: 73.57%
• Short Positions: 26.43%
The market is clearly leaning towards long positions, indicating strong bullish sentiment. Traders are confident that Ethereum will continue its upward trend.
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