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$ETH Faces Pressure: Testing Key Support Levels..
$ETH /USDT is trading at $3,665.14, down by 1.05%, after rejecting from the 24-hour high of $3,760. With a 24-hour low of $3,663.20, Ethereum is testing critical support amid a surge in trading volume of 458,790 ETH. The sharp drop indicates bearish pressure, raising concerns of further declines if ETH fails to hold above the $3,660 level. A breach here could lead to a slide toward $3,600, a key psychological and technical support zone.
Opportunities for Traders
For bulls, reclaiming $3,700 would be crucial to revive momentum, with potential targets at $3,750 and $3,800. However, if selling intensifies, traders should look for a breakdown below $3,660 as an opportunity for short entries, targeting lower levels. With volatility on the rise, ETH presents high-potential trades for both bullish recoveries and bearish continuations. Careful risk management is advised in this pivotal setup.
$ETH /USDT is trading at $3,665.14, down by 1.05%, after rejecting from the 24-hour high of $3,760. With a 24-hour low of $3,663.20, Ethereum is testing critical support amid a surge in trading volume of 458,790 ETH. The sharp drop indicates bearish pressure, raising concerns of further declines if ETH fails to hold above the $3,660 level. A breach here could lead to a slide toward $3,600, a key psychological and technical support zone.
Opportunities for Traders
For bulls, reclaiming $3,700 would be crucial to revive momentum, with potential targets at $3,750 and $3,800. However, if selling intensifies, traders should look for a breakdown below $3,660 as an opportunity for short entries, targeting lower levels. With volatility on the rise, ETH presents high-potential trades for both bullish recoveries and bearish continuations. Careful risk management is advised in this pivotal setup.
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