$ETH /USDT: Steady Gains with a 7.06% Surge

ETH/USDT is currently trading at $3,557.26, marking a 7.06% increase over the last 24 hours. Ethereum is showing strong bullish momentum, fueled by significant trading activity and positive market sentiment.

Key Data Points:

24h High: $3,574.89

24h Low: $3,252.00

24h Volume (ETH): 720,598.25 ETH

24h Volume (USDT): $2.47B

Trade Strategy:

Long Position: Enter above $3,560, targeting $3,600 and $3,650, with a stop loss at $3,500.

Short Position: Consider selling below $3,500, aiming for $3,450 and $3,400, with a stop loss at $3,560.

Market Outlook:

ETH/USDT is demonstrating sustained bullish momentum as it approaches its 24-hour high of $3,574.89. A breakout above this resistance could trigger further upside toward $3,600 and beyond. However, traders should remain cautious, as any failure to hold above $3,500 could lead to a retest of lower support levels near $3,400. Monitoring overall market conditions and Ethereum network updates will be crucial for assessing further movements.

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