$ETH /USDT Trade Setup - Eyeing New Highs or Testing Supports? 🚀📉

Current Price: $3,910.40

24h High: $4,025.18 | 24h Low: $3,844.40

24h Change: +0.69%

📈 Long Trade Setup

Entry Zone: $3,900 - $3,920

Targets: $3,963 / $4,000 / $4,035

Stop Loss: Below $3,880

Analysis: Ethereum has shown strong buying momentum after bouncing from $3,831.50. A successful breakout above $4,000 could pave the way for the next leg up towards $4,035. Monitor volume for confirmation of bullish strength.

📉 Short Trade Setup

Entry Zone: $3,980 - $4,025

Targets: $3,892 / $3,850 / $3,830

Stop Loss: Above $4,050

Analysis:$ETH faced resistance at $4,025 and is showing signs of consolidation. A failure to break above this level could trigger a short-term retracement toward lower supports at $3,892 and $3,850.

🔑 Key Observations

Support Zone: $3,830 - $3,850 remains a key level for buyers.

Resistance Zone: $4,000 - $4,025 is a critical hurdle for $ETH to push higher.

Volume Trend: Watch for rising buying volume near supports or signs of weakness near resistance for trend confirmation.

⚠️ Risk Management: Use appropriate position sizing and stop-loss strategies to mitigate risk in the current market volatility.

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