🚨 $ETH /USDT Market Dynamics: Testing Resistance at $3,675 🚨

Ethereum (ETH/USDT) is trading at $3,634.70, reflecting a slight decline of 0.63% over the last 24 hours. Here's the detailed analysis:

1. Key Price Levels:

24H High: $3,675.25

24H Low: $3,593.70

The price is hovering near resistance at $3,675, with minor pullbacks indicating indecision.

2. Trading Volume:

ETH Volume: 163,072.57 ETH

USDT Volume: $592.31M

High trading activity shows market participants actively positioning themselves.

3. Technical Indicators:

Immediate resistance is at $3,675.25; breaking above could open the path toward $3,700.

Support is visible around $3,560.82, followed by a stronger floor at $3,428.31.

4. Market Sentiment:

The recent uptrend from $3,313.88 indicates buyer dominance, though momentum appears to be fading.

Consolidation near current levels could signal a potential breakout or retracement.

Trading Strategy:

For Bulls: Look for a breakout above $3,675. Enter long positions with a target of $3,700–$3,750, placing stops near $3,550.

For Bears: Monitor for rejection at resistance. Short below $3,560, targeting $3,500 with a stop loss at $3,680.

Ethereum remains at a pivotal juncture, with traders anticipating directional clarity in the short term.

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