$ETH $ETH

ETH/USD Technical Analysis: Current Price at $3,717.41

ETH/USD is currently trading at $3,717.41, maintaining a strong bullish momentum as it trades near key levels of support and resistance. This price point is critical for determining whether ETH will continue its upward trajectory or face a potential pullback.

Support & Resistance Levels

Immediate support is at $3,700, which has recently acted as a reliable floor. A break below this level could lead to a further decline, with $3,650 emerging as the next key support. On the upside, resistance is seen at $3,750, with a breakout above this level potentially pushing ETH toward the next target at $3,800.

Entry Strategy

For a bullish scenario, traders should look for a confirmed breakout above $3,750, aiming for $3,800 or higher. On the bearish side, if ETH breaks below $3,700, shorting the pair could be considered, with $3,650 as the next target.

With ETH/USD at a crucial price point, market participants should keep an eye on key support and resistance levels for the next big move.

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