šØ Ethereum (ETH/USDT) Flashing Bearish Signals ā Will Support Hold? šØ
$ETH is currently trading at $3,268, experiencing a sharp 5.29% decline over the last 24 hours. Traders are eyeing crucial support levels as Ethereum tests the lower bounds of its recent trading range.
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š” Critical Levels to Watch:
Immediate Support: $3,252 ā Vital for preventing further declines.
Resistance: $3,385 ā ETH needs to reclaim this level to regain bullish momentum.
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šÆ Potential Price Targets: 1ļøā£ $3,300 ā Short-term bounce zone for recovery.
2ļøā£ $3,450 ā Key level for sustained upward movement.
3ļøā£ $3,500 ā Ultimate target if bullish momentum strengthens.
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š Market Analysis:
RSI: Approaching oversold territory, indicating a potential rebound.
Volume: Increasing on the downside, signaling heightened selling pressure.
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ā ļø Trading Strategy:
Entry: Look for entries above $3,300 for a safer position.
Stop Loss: Set below $3,240 to minimize risk.
Profit-Taking: Gradual exits at $3,450 and $3,500 for optimized gains.
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š Pro Tip: Keep a close watch on Bitcoinās performanceāit could heavily influence ETHās next move. If BTC rebounds, expect ETH to follow suit with renewed strength.
Stay sharpāEthereum is at a make-or-break moment!