Based on the chart for $ETH /USDT, Ethereum is currently trading at $2,541.61, reflecting a strong +5.63% gain. The price recently tested a high of $2,547.93, showing an upward momentum after rebounding from a low of $2,404.50 in the past 24 hours. This surge indicates a bullish breakout that could lead to further gains if the resistance levels are breached.

The current resistance is located at $2,547.93, which Ethereum is attempting to break through. If the price successfully crosses this resistance, the next target would be around $2,562.71, a key psychological level. On the downside, the nearest support lies at $2,454.34, which could act as a cushion in case of any retracement from the current price level.

In summary, Ethereum presents a strong bullish setup, with potential long trade opportunities if the price breaks above $2,547.93. Targets could be set at $2,562.71 and higher, while traders may want to place stop losses around the $2,454.34 support level. If the price reverses, short trades could be considered below this support with lower targets. Monitoring for a clear breakout or rejection is essential for the next move.

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