🚨$ETH /USDT Analysis🚨

🚀The $ETH /USDT pair is currently trading at $2,970.66, up 2.42% in the last 24 hours. The price has been consolidating in a range between $2,889.55 and $2,995.22.

📊Short-term Outlook:

In the short term, the price is likely to remain range-bound between the mentioned support and resistance levels. A break above the resistance level could signal a bullish trend, while a break below the support level could indicate a bearish trend.

Trading Ideas:

📈Long Entry: $2,995.22 (Breakout of resistance)

🛑Stop Loss: $2,889.55 (Breakout of support)

🎯Target: $3,100

📉Short Entry: $2,889.55 (Breakout of support)

🛑Stop Loss: $2,995.22 (Breakout of resistance)

🎯Target: $2,700

🟢Overall:

The ETH/USDT pair is currently in a neutral zone. Traders should wait for a clear breakout of either the support or resistance level before taking any positions.

Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.

📝Additional Notes:

* The chart shows a 5-minute timeframe.

* The 24-hour trading volume is 1.54 billion USDT.

* The price is currently trading above the 100-day moving average.

I hope this helps!

🔥Follow me for daily updates🔥

#ETHETFsApproved #etherreum #ETH🔥🔥🔥🔥 #TradingMadeEasy #TradingShot