$ETH $ETH
ETH/USD Technical Analysis: Key Levels and Strategy at $3,745.20
Ethereum (ETH) is currently trading at $3,745.20, maintaining its bullish momentum. As it stands, the price is firmly supported by the $3,700 level, which has held strong in recent sessions. A break below this key support could lead to a potential pullback towards $3,600, but as long as ETH remains above this threshold, it is poised for further upside.
On the resistance side, $3,800 acts as the immediate hurdle. A successful breakout above this level could open the door for ETH to test the $3,900 to $4,000 range. Traders should be on the lookout for confirmation of a break above $3,800, which could serve as a solid entry point for long positions.
Entry Strategy: Enter near $3,745 if a confirmed bounce off support occurs, targeting $3,800 and beyond. Conversely, a break below $3,700 warrants caution, with potential stops around $3,600. Watch the technical indicators closely for momentum shifts.
Stay vigilant and monitor price action to catch the next move in this dynamic market!
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