Ethereum/Tether US Perpetual Contract is currently trading around $2,638.77 on the 1-hour chart. The chart shows a sideways trend with the price fluctuating between support and resistance levels.
Key resistance levels to monitor are at $2,650.00 and $2,673.06. Support levels to watch include $2,600.00 and $2,575.00. The current volume is 107.817K ETH, reinforcing the sideways trend.
For a potential trading strategy, consider entering a long position if the price breaks above the $2,650.00 resistance level and closes above it. Set a stop-loss at $2,575.00 to manage risk. Set take-profit targets at $2,673.06 and $2,700.00.
This approach helps in capitalizing on a potential uptrend while managing potential downside risk. Follow for more; youâll earn better with us.
