Ethereum $ETH is making a strong comeback, showing a solid 4.06% gain in the last 24 hours. As the Layer 1 powerhouse, ETH is pushing closer to key resistance levels, with $4,000 on the horizon. Here’s an overview of the latest $ETH /USDT price action and what to watch next!

🚀 Price Highlights

Current Price: $3,954.80 (+4.06%)

24-Hour High: $3,987.41

24-Hour Low: $3,753.50

Trading Volume:

ETH Volume: 529,548.91 ETH

USDT Volume: $2.06B

🔑 Key Levels to Watch

Resistance:

$3,987.41 – Immediate resistance, watch for a break above to target $4,000.

$4,040.91 – Next significant level as ETH pushes higher.

Support:

$3,855.16 – Stable support that could hold if the price retraces.

$3,669.42 – Strong base level for the bullish continuation.

🎯 Target Strategy

1. Bullish Play:

ETH is eyeing a move above $3,987.41 to target $4,000 and potentially higher.

Target 1: $4,000

Target 2: $4,040

2. Risk Management:

Place stop-loss orders around $3,855 to secure gains and protect against downside risks.

📊 Depth Analysis

The depth chart reveals healthy buying pressure at $3,954, indicating that ETH could continue its ascent. A break past $3,987 could open the door for further upside towards $4,000 and beyond.

🔥 Why ETH/USDT Is a Top Pick

1. Strong Volume Surge: With $2.06 billion in USDT volume, ETH is clearly attracting significant market interest.

2. Layer 1 Leader: Ethereum continues to dominate the DeFi and smart contract ecosystem, cementing its position as a top-tier crypto asset.

3. Uptrend Momentum: A solid 4.06% rise positions Ethereum for a breakout above key resistance levels.

📈 Get Ready to Trade: Watch ETH closely as it moves toward $4,000. With strong volume and bullish momentum, Ethereum could be set for a powerful move in the coming hours!

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