ETH/USDT Technical Analysis – Price Action & Key Targets 🎯
As of the latest trading data, Ethereum (ETH) is showing strong momentum with a current price of $2,532.44, reflecting a 5.09% increase in the last 24 hours. After experiencing a low of $2,400.68 and a high of $2,543.27 in the past 24 hours, ETH/USDT is currently trading near the top of its recent range, creating exciting opportunities for both short-term and long-term traders.
Let’s break down the technical outlook and identify key price targets for ETH/USDT:
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1️⃣ Immediate Target – $2,550
ETH is testing the upper resistance near $2,552.56 (Binance). If the price sustains above this level, we could see a further breakout toward the $2,550 target. The price has recently bounced off the SAR (Stop and Reverse) level of $2,407.44, which is acting as a strong support zone. If bulls continue to push, the next key resistance level to watch is $2,550.
2️⃣ Mid-Term Target – $2,600
For a more extended move, ETH is likely to test the psychological resistance around $2,600. This level aligns with the upward momentum and market sentiment in the broader crypto space. A break above $2,550 and sustained trading above this level could propel ETH towards $2,600, marking the next significant resistance.
3️⃣ Long-Term Target – $2,700+
Looking beyond the short and medium term, ETH could be targeting the $2,700 level if the market remains bullish. This is an important long-term target based on the previous high and Fibonacci retracement levels. A consistent uptrend and successful break above $2,600 could unlock the potential for further price discovery toward $2,700 and beyond.
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Key Levels to Watch:
Support Zone: $2,400 - $2,407 (SAR level)
Resistance Zone: $2,550 - $2,552
Next Major Resistance: $2,600 and $2,700.
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