$ETH /USDT Technical Analysis & Market Update

Current Price: $2,502.12 (+1.37%)

ETH is experiencing some recovery but is still facing resistance.

Resistance: The immediate resistance level is at $2,533.95. A breakout above this level could indicate further upside potential.

Support: The nearest support level is at $2,491.92. Holding this support is essential to prevent further declines.

Trading Strategy:

- Long Trade: Enter above $2,533.95, targeting $2,542.19 with a stop-loss at $2,491.92.

- Short Trade: Enter below $2,491.92, targeting $2,464.32 with a stop-loss at $2,533.95.

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