$ETH TODAY ANALYSIS :

1. Support and Resistance Levels:

Support Levels:

The immediate support level is around $3,411.40 USDT, which was the 24-hour low.

A stronger support area lies between $3,400 and $3,420.

Resistance Levels:

The 24-hour high at $3,562.82 serves as the initial resistance.

A significant resistance area is near $3,600.

2. Entry Points:

Long (Buy) Entry:

Consider entering long positions if Ethereum breaks above the $3,562.82 resistance.

Confirm this breakout with increasing volume and sustained price action.

Short (Sell) Entry:

If Ethereum retraces, watch for a bounce from the $3,400-$3,420 support zone.

A breakdown below $3,400 could signal short opportunities.

3. Risk Management:

Set stop-loss orders below key support levels to limit potential losses.

Adjust position size based on your risk tolerance and overall portfolio.

Remember that market conditions can change rapidly, so stay vigilant and adapt your strategy accordingly. Always conduct further research and consider additional technical indicators before making trading decisions. 🚀📉

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