🚨$ETH ETH/USDT – Testing Key Support Levels!
📉 Current Price: $3,376.21 (-7.88%)
🔝 24H High: $3,720.00
🔻 24H Low: $3,326.80
💰 Volume:
ETH: 1.06M
USDT: 3.69B
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Market Analysis
Ethereum (ETH) is experiencing a sharp sell-off, shedding nearly 8% in the last 24 hours. The pair has dropped to its $3,326.80 low, with buyers cautiously stepping in to stabilize the price.
Resistance Levels: $3,510, $3,720 – A recovery must clear these zones to reclaim bullish momentum.
Support Zone: $3,300 – Holding this level is critical for avoiding a deeper retracement.
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Next Moves
1. For Buyers: Look for entries near $3,350–$3,330, targeting $3,510 and $3,720. Watch for a breakout above $3,720 for extended gains.
2. For Sellers: If ETH breaks below $3,300, prepare for further downside toward $3,200 or lower.
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Key Insights
Volume Spike: Strong trading activity signals significant market interest, though sentiment is bearish.
Oversold Potential: ETH may rebound if it finds support at $3,300, but confirmation is essential.
Risk Management: High volatility persists—set stop-losses to limit exposure.
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Final Thought
ETH/USDT is at a pivotal level. Whether it rebounds or breaks down will depend on broader market sentiment and buyer strength at support levels. Keep an eye on volume and key price zones to stay ahead of the curve.
