$ETH
đ ETH/USDT: Technical Analysis Update đ
đ Current Price: $3,389.37 â Ethereum is showing signs of consolidation, setting the stage for a potential breakout in either direction. Hereâs what traders need to know:
đĄ Key Levels to Watch:
Resistance: The immediate upside barrier sits at $3,420. A breakout above this could send ETH toward $3,500 and potentially test the $3,600 mark.
Support: Key support lies at $3,350. A breakdown below this could lead to a drop toward $3,300, with the next major support zone at $3,250.
đ Trading Strategy:
Bullish Setup: Enter near $3,390 with confirmation of a breakout above $3,420. Target $3,500 as the first level and $3,600 as the second. Use a stop-loss at $3,350 to manage risk.
Bearish Setup: If price breaks below $3,350, short positions targeting $3,300 or $3,250 could provide opportunities. Place stop-loss above $3,370 to limit risk.
đ„ Market Insight: ETH remains in a key consolidation phase, and volume spikes will likely determine its next move. Bulls are watching for a breakout above $3,420, while bears are eyeing the $3,350 support zone for weakness.
Will ETH soar past $3,500 or retreat to lower levels? Be ready for the next big move! đ
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