ETH/USDT Technical Analysis: Key Levels and Price Action
đč Current Price: $2,412.70 (+1.35%)
Ethereum (ETH) is showing a positive momentum, up by 1.35%, as traders eye potential price movements within the next few hours. Here's a detailed breakdown and insights on the next key targets for ETH/USDT:
đ Technical Overview:
24h High: $2,421.36
24h Low: $2,330.66
SAR (Stop and Reverse): $2,552.30
ETH is currently below the SAR level, indicating the possibility of a continued uptrend if this level is breached.
24h Volume: 250,211.45 ETH (or 596.79M USDT)
đŻ Targets:
1. Target 1: $2,500
The first short-term target is $2,500. This is a key psychological barrier, and breaking it could pave the way for further bullish momentum.
2. Target 2: $2,552
This level aligns with the SAR (Stop and Reverse) indicator. A breakout above $2,552 would confirm a trend reversal, signaling a shift toward a bullish market.
3. Target 3: $2,600
In the medium-term, $2,600 represents the next significant resistance. This is a key level to watch, and breaking through it could trigger increased buying volume and bullish sentiment.
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