🚨 $ETH /USDT in Freefall: Testing Major Supports! 🚨
$ETH is trading at $3,463.07, down a sharp -10.28% in the last 24 hours. After peaking at $4,107.80, Ethereum has faced heavy selling pressure, with the price now hovering near the daily low of $3,394.97.
Key Levels to Monitor:
Support: $3,400 – A critical level to hold for a potential bounce.
Resistance: $3,600 and $3,880 – Areas to break for a recovery rally.
Stop-Loss: Below $3,350 to limit downside exposure.
Next Moves:
Bullish Scenario: A recovery above $3,600 could see ETH targeting $3,750 and eventually $3,880.
Bearish Scenario: If $3,400 fails to hold, ETH could decline further to $3,300 or lower.
Traders should exercise caution and wait for confirmation of a reversal or continuation before taking positions.