$ETH /USDT: Ethereum Extends Gains Amid Layer-1 Strength

Ethereum (ETH) is trading at $3,893.59, marking a +5.15% increase over the past 24 hours. ETH continues to strengthen, benefiting from sustained interest in Layer-1 blockchain activity and high trading volumes.

Key Metrics

24h High: $3,905.00

24h Low: $3,690.00

24h Volume (ETH): 1.05M ETH

24h Volume (USDT): $4.01B

Technical Levels

Resistance Levels: $3,905.00, $3,925.25

Support Levels: $3,776.75, $3,628.25, $3,500.00

Market Analysis

Upside Potential: A breakout above $3,905.00 could pave the way for a test of $3,925.25, with bullish momentum potentially extending toward $4,000.

Downside Risk: Immediate support lies at $3,776.75. A deeper pullback may find support at $3,628.25 and $3,500.00.

Trading Strategy

For Buyers: Consider positions near $3,893.59, targeting $3,905.00 or $3,925.25 with a stop-loss below $3,776.75.

For Sellers: Look for opportunities to short around $3,905.00, with stops above $3,925.25 and a target near $3,776.75.

Sentiment Overview

Ethereum's rally is supported by strong trading activity and market confidence in Layer-1 solutions. Keep an eye on $3,905.00 for confirmation of continued bullish momentum.

#ETH🔥🔥🔥🔥 #ETHETFsApproved #EtherfiCash #CryptoHistoricMoment #CryptoMarketHype