$ETH
Key Levels:
- Range: $3,250 (Support Zone) to $3,545.
- R1: Above $3,545 (Signals bullish movement toward $3,725).
- R2: Below $3,250 (Bearish movement; avoid trading if this level breaks).
Scenario Analysis:
Bullish Case:
1. If ETH rebounds at $3,250, it may recover to $3,455.95 and push toward R1 ($3,545).
2. A breakout above $3,545 (R1)could lead to a rally, targeting $3,725 or higher, depending on momentum.
Bearish Case:
1. If ETH drops below $3,250, expect a bearish trend with a potential decline to $3,100 or lower.
2. Breaking below $3,250 would signal a lack of buying support, making trading riskier.
Neutral Case:
- ETH may consolidate between $3,250 and $3,545, indicating indecision until a breakout or breakdown occurs.
Trading Strategy:
1. Bullish Entry: Enter after a confirmed rebound at $3,250, targeting $3,545 and $3,725.
2. Bearish Avoidance: Avoid trading if ETH falls below $3,250, as it may lead to extended losses.
3. Risk Management: Use stop-loss orders below $3,250 for long trades or below $3,545 for short trades.
