🚀 $ETH /USD ANALYSIS: TRADING AT $3,451—BULLISH MOMENTUM BUILDING? 🚀📈

Ethereum ($ETH /USD) is currently trading at $3,451, holding strong after a period of steady gains. As it approaches critical resistance levels, traders are evaluating the potential for further upside or a pullback. Let’s explore the key insights and trade setups.

📈 Market Conditions:

$ETH/USD has reached a 24-hour high of $3,475 and a low of $3,400. The price is maintaining support at $3,420, with resistance seen at $3,480. The overall market sentiment remains bullish, supported by increased activity in DeFi and NFT ecosystems.

📊 High Probability Trade Scenarios:

Bullish Scenario: A breakout above $3,480 could propel Ethereum toward the next target at $3,550.

Take Profit (TP): $3,550

Stop Loss (SL): $3,420

Bearish Scenario: If the price fails to break above $3,480, a pullback to test support at $3,400 could occur.

Take Profit (TP): $3,400

Stop Loss (SL): $3,470

🔑 Key Levels to Watch:

Resistance: $3,480, $3,550

Support: $3,420, $3,400

📈 Market Outlook:

Ethereum is consolidating below a key resistance at $3,480. A confirmed breakout could signal a continuation of the bullish trend, while failure to hold above support at $3,420 might lead to a short-term correction. Traders should monitor volume and price action for clues on the next move.

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