🚀 $ETH /USD ANALYSIS: BULLISH MOMENTUM AT $3,454—IS $3,500 NEXT? 🚀📈
Ethereum ($ETH /USD) is currently trading at $3,454, showcasing a strong upward trend. With the price approaching the $3,500 resistance, traders are eager to see if Ethereum can sustain its momentum and break higher. Here’s a detailed look at the market setup and trade scenarios.
📈 Market Conditions:
$ETH/USD has been climbing steadily, supported by increased buying pressure and growing adoption across sectors. The 24-hour high of $3,480 and a low of $3,380 highlight a bullish trajectory, with key support levels holding firm at lower zones.
📊 High Probability Trade Scenarios:
Bullish Scenario: A breakout above $3,460 could push Ethereum to test the critical resistance at $3,500.
Take Profit (TP): $3,500
Stop Loss (SL): $3,420
Bearish Scenario: A rejection at $3,460 might lead to a pullback toward support at $3,400.
Take Profit (TP): $3,400
Stop Loss (SL): $3,470
🔑 Key Levels to Watch:
Resistance: $3,460, $3,500
Support: $3,420, $3,400
📈 Market Outlook:
Ethereum’s bullish momentum remains intact as it inches closer to the $3,500 milestone. Traders should monitor volume and market sentiment to confirm a breakout or watch for potential retracements. This level could be a turning point for the next leg up.
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