🚀 Technical Analysis: $ETH /USDT
Current Price: $3,478.82 (+2.21%)
Timeframe: 30-min chart (Binance)
🎯 Key Targets:
1. Target 1 (Immediate Resistance): $3,520
A break above this level could attract short-term buyers, aiming for quick profits.
2. Target 2 (Mid-Term Resistance): $3,600
If the bullish momentum sustains, this level could act as the next target for mid-term traders.
3. Target 3 (Major Resistance): $3,700
A breakout above this psychological barrier may signal strong bullish continuation, attracting long-term interest.
🔻 Support Zones:
Immediate Support: $3,450
Holding this level is crucial to prevent further downward pressure.
Critical Support: $3,400
A breach below this level may lead to increased selling pressure.
📈 Strategy:
Entry Zone: Accumulate near $3,450–$3,480 or after confirmation of momentum above $3,520.
Profit Zones: Book partial profits at $3,520, $3,600, and $3,700.
Stop Loss: Below $3,400 to protect against downside risks.
🔍 Insights:
Trend: Consolidating near resistance, with potential for breakout.
Volume Analysis: Watch for increased volume to confirm bullish movement.