$ETH /USDT: Ethereum Extends Gains Amid Layer-1 Strength
Ethereum (ETH) is trading at $3,893.59, marking a +5.15% increase over the past 24 hours. ETH continues to strengthen, benefiting from sustained interest in Layer-1 blockchain activity and high trading volumes.
Key Metrics
24h High: $3,905.00
24h Low: $3,690.00
24h Volume (ETH): 1.05M ETH
24h Volume (USDT): $4.01B
Technical Levels
Resistance Levels: $3,905.00, $3,925.25
Support Levels: $3,776.75, $3,628.25, $3,500.00
Market Analysis
Upside Potential: A breakout above $3,905.00 could pave the way for a test of $3,925.25, with bullish momentum potentially extending toward $4,000.
Downside Risk: Immediate support lies at $3,776.75. A deeper pullback may find support at $3,628.25 and $3,500.00.
Trading Strategy
For Buyers: Consider positions near $3,893.59, targeting $3,905.00 or $3,925.25 with a stop-loss below $3,776.75.
For Sellers: Look for opportunities to short around $3,905.00, with stops above $3,925.25 and a target near $3,776.75.
Sentiment Overview
Ethereum's rally is supported by strong trading activity and market confidence in Layer-1 solutions. Keep an eye on $3,905.00 for confirmation of continued bullish momentum.
#ETHš„š„š„š„ #ETHETFsApproved #EtherfiCash #CryptoHistoricMoment #CryptoMarketHype